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K M.
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Instantly Compare 950+ of the UK’s Best Secured Loans.
Instantly Compare 950+ of the UK’s Best Secured Loans.
K M.
Our Awards and Media
Secured Loan Expert is a trading name of First Union Mortgages Limited one of the largest and most trusted finance brokers in the UK.
We specialise in finding the best loans for our clients from probably the biggest selection of loan deals in the UK with over 950 different deals available at any one time. We will match your requirements with all the deals on offer, ensure that you are aware of all the costs of each individual loan before you chose to apply. We will make the application on your behalf ensuring that your case is seen by the lender in the most favourable light.
Our experts are there to ensure you get the best deal and what’s more our help and advice is free so why not take advantage of our expertise.
A homeowner loan is a personal loan taken out against the equity in your property. Also known as secured loans, these are offered in exchange for you offering your home as collateral. Securing the loan with your home enables you to borrow substantial amounts of money for long periods. Moreover, because the lender puts a charge on your home as security, it offers very good interest rates and manageable terms.
Currently you can borrow up to the maximum limit of 95% of the equity in your home.
- You can obtain a homeowner loan by first comparing the deals in our simple comparison engine and choosing the deal that suits you most. Pay attention to the minimum and maximum loan amounts offered by each deal, as this will play a role in your decision making. When you have found the most suitable loan offer just contact our friendly team of experts who will answer all of your questions, help you with your application, get pre approval from the lender, and if required arrange for a valuation of your home whilst keeping you up to date throughout the approval process until completion.
It is still possible to get a secured loan when you are self-employed. This will be dependent on your personal circumstances and each lenders’ criteria. Our team can advise you as to the exact requirements when you call us.
At Secured Loan Expert all types of credit history are considered. The decision to lend is subject to individual lender criteria and your personal circumstances. Our expert team can provide you with more information if this is the case.
No. The only note on your credit file that will exist when you make an initial enquiry will be a Quotation Search which will only be visible to you and not by other searchers.
When you make a full application then a full search will be undertaken which will show up on your file at that stage. This will be visible to other lenders.
While this process is a lot shorter than a mortgage or re-mortgage application, the exact length of time from application to you receiving the funds depends on the amount of the loan required, the loan amount to the asset value, the lender chosen and your individual circumstances.
Once the loan is approved by the lender, they will transfer the money to you typically within 48 hours if electronic transfer is the payment method.
There are no upfront fees to pay.
All fees and charges that you have to pay to take out a loan will be fully detailed to you before you make any decision to go ahead.
If you have any questions at this point just call our friendly team who will be happy to help you understand what fees may be charged.
Secured loans offer you the opportunity to borrow fairly large sums of money over long periods. Also known as homeowner loans, these are often secured by using one's home as collateral against the debt. There are both advantages and disadvantages to borrowing money this way, so consumers need to be careful about not jumping into a loan without clearly thinking it through.
We can help you obtain a secured loan that can be used in almost any way you see fit. Perhaps you need to make home repairs, or perhaps you are looking to consolidate your existing debt into a single loan. The flexibility and lower costs offered by this sort of loan is one of the reasons it is so popular among UK consumers.
A secured loan has a distinct advantage over its unsecured counterpart: you have the opportunity to borrow more. Typical amounts range from £5000-£125,000, depending on the lender. How can they afford to loan so much? By requiring your home as collateral. Lenders are less concerned about default when a home is used as collateral, because it gives them a tangible asset that they can sell in the event the borrower does not repay the loan.
For example, let us assume a consumer took out a £50,000 home improvement loan on a property worth £150,000. Assuming the homeowner had already built £50,000 in equity, the risk to the lender is minimal. In the event of default, the lender could take possession of the home, sell it, pay the balance of the mortgage, and still cover its own debt.
Obviously, any loan scenario is subject to the borrower's credit history and ability to repay. A more favourable financial position allows for more favourable loan terms. This includes higher borrowing amounts and lower interest rates.
There are a number of other advantages to choosing a secured loan over an unsecured one. At the top of list are the interest rates offered by lenders. For consumers with good credit and a positive repayment outlook, interest rates of 5% or 6% are not uncommon. It is very difficult to get an interest rate that low with an unsecured loan. On the other hand, there are usually closing costs and other fees that can add up. Consumers need to be aware of the fees before agreeing to take out a loan.
Fixed monthly payments are another advantage. Consumers who use this sort of financing for homeowner loans find it easier to manage monthly payments by considering them part of the cost of owning a home. This makes budgeting more manageable over the long term. The key, however, is to make sure you obtain monthly payment amounts you can afford. It is possible to lose your property if you cannot afford to keep up the repayments.
Secured Loan Expert is here to answer all of your questions regarding homeowner loans and other types of secured credit. Click on the links below for more information on the following loan topics:
Whether you are looking for a home improvement loan or secured lending for another purpose, Secured Loan Expert is here to help. We hope you will take advantage of all of the valuable information we put together on this site and when you are ready to find the best deal for your needs just give our friendly team of experts a call.
Our secured loan experts use in-house systems to quickly search the whole of the market for the deals that not only meet your requirements but offer the best rates and terms depending on your personal circumstances. They will compare these deals side by side and make their recommendations along with a fully transparent analysis of all the costs that would be incurred before you make any decision to proceed with an application.
Because our team specialise in secured loans we have a full understanding of each individual lenders underwriting processes. The things they like, the things they don’t like, the level of risk they are prepared to take and what charges and rates they place on that level of risk. Your personal expert will be in a position to help you choose the best lender with the best deal and make an application on your behalf that has the highest chance of gaining swift approval from the lender.
We source the best rates from the whole market
Mr. A Deone.
Sep 16, 2016
Self-employed workers have never found it easy to borrow money for a home, car, etc. Where first mortgages are concerned, borrowing is still a challenge. But the self-employed are gradually realising that the 2nd charge market is more friendly to them than ever before. In short, lenders are looking to lend.
Sep 15, 2016
How many property owners plan on getting secured loans without truly understanding how personal finances affect eligibility? Probably too many. The reality is that everything from personal finances to house payments to monthly bills affects one's ability to borrow – whether for a first mortgage or a secured loan based on equity.
Sep 09, 2016
In the six months since the FCA brought 2nd charge mortgages into the same arena with other mortgage products, some brokers have been slow to get on board with the new rules. Others have seized opportunities that have yielded great results. This is good for both lenders and consumers alike.
Sep 08, 2016
Home improvement finance has turned the tables on debt consolidation in terms of how people are spending the money they get from second charge loans. As a percentage, the number of individuals financing home improvements has nearly doubled in the last two years while debt consolidation borrowing has been halved.
