Secured Loans
Secured Loans or Second Charge loans, can be used for almost any legal purpose, such as:
Home Improvements
Debt Consolidation
Raising Business Capital
Deposit for an Investment Property
Holiday, New Car, etc.
We always source any new loan from your individual circumstances and needs; Loans are available for up to 100% of your main residence property value, or 90% if your property is Buy to Let.
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Understanding Secured Loans
Commonly made available to people who have gained a level of equity in their property, Secured Loans, sometimes referred to as second charge loans, are very adaptable and can be used for almost any legal purpose. In other words, you can obtain further borrowing secured against your property with an additional legal charge. You will also have an additional monthly payment to make to the secured loan company, alongside your existing, residential or buy to let mortgage. Think of it as using your home’s equity as a security for a loan or, as a way of increasing your current borrowing without the need to remortgage. There are often many different finance options available to homeowners, which is why we always ensure we consult fully with all of our clients before making recommendations. We can help in numerous ways, and are specialists if you have a prior poor credit history.
Why Consider Taking Out a Secured Loan?
We find people need access to Secured Loans for all sorts of different reasons. For some, it might be that they need funds rapidly, and a Secured Loan can provide the quickest route to funding. Maybe you need to refinance credit card debts before your repayments become unmanageable, or perhaps you need to inject capital into your business, or fund a family wedding or carry out some long overdue home improvements. Whatever the reason, borrowing from your current lender may not be possible. If so, we can help you find a suitable Secured Loan solution. Remember that you won’t need to remortgage and potentially lose a competitive residential mortgage interest rate as a result. All of this makes secured loan lending an attractive and effective option for many homeowners when funds are needed quickly for either expected or unexpected expenditure.
Turn to Try Financial to arrange your Secured Loan
If you are considering the merits of a Secured Loan and want help to obtain the right product for you, then Try Financial can help. We have all the necessary know-how to source a loan of this type which will meet your requirements exactly. Our team has over 60 years of combined experience helping people all over the UK find the most appropriate sort of funding that suits their needs best. Bear in mind, too, that we can arrange Secured Loans up to 100% of your residential property’s value and up to 85% for Buy to Let Property. Why not see how we can help?