Secured loan lenders can also be more flexible even if you have very recent poor credit.
Unlike traditional mortgage lenders, they can use higher income multiples to meet affordability.
Residential - Loans up to 100% Loan to Value available
Buy to Let - Loans up to 85% Loan to Value available
They can be completed far quicker than a traditional mortgage as no legals are required and sometimes there is no need for a physical valuation.
It is possible to obtain a secured loan even when your mortgage lender refuses to grant permission for the secured loan to be added behind your mortgage.