Home Loans – Using Your Equity to Get a Low Cost Loan

Compare & Save Today.
Type your loan amount:
Preferred repayment term:
Approximate value of your property:
Size of your current mortgage:
Describe your credit history?
Related Articles.
Expert Guides

Your Questions Answered.

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.

By Adam Brand.

Operations Director

A slowly recovering economy means that more homeowners are looking to obtain financing for a variety of purposes. Some need to make property repairs involving home mechanics; others are looking to fund some of the expense related to sending kids to university. The good news is that secured home loans are available for these kinds of things. If you own a home, you are likely eligible to borrow quite a bit of money against your equity.

Understand that this type of financing is designed for flexible term borrowing. It is a way for you to get fast cash by leveraging the existing value in your home as a financing tool. Secured Loan Expert recommends this kind of financing over credit cards, high interest personal loans, or targeted loans with limited flexibility.

image one

To get started, just use our whole of market comparison tables to look at the various lenders offering secured loans. The more lenders you can compare, the better your chances of finding a great deal.

Borrowing Against Your Equity

A secured homeowner loan is basically a house loan obtained by using the equity in your property as collateral. You should be able to borrow up to the total amount of equity your home possesses. For example, let us assume your home would sell on the retail market today for £200,000. We will also assume that you still owe £125,000 on the mortgage. That means you have £75,000 in equity that you can use to secure a fast cash loan.

Lenders are willing to make home loans because the risk of default is fairly low. It makes perfect sense. If you are willing to put up your house as collateral, you are likely to do everything within your power to make sure you keep up with the payments. Your home is far too valuable to risk against default.

Lenders know this, so they are willing to offer fairly good interest rates and generous repayment terms. However, keep in mind that your credit history and rating will affect your overall cost of borrowing. Do your research when comparing different lenders and the products they offer. A low-cost loan is one that combines a low interest rate with minimal borrowing costs.

Getting Cash Fast

Now that you know a little more about how secured homeowner loans work, let us talk about getting fast cash. Lenders that advertise fast approval do so based on one of two things. First, they might be referring to getting a preliminary decision within minutes. This preliminary decision will rest on the information they are able to obtain using electronic means. For example, the lender can quickly check your credit rating online. However, getting a fast preliminary decision does not mean you will have the money instantly.

Other lenders refer to the entire approval process, from start to finish, when advertising fast loans. Even with a preliminary decision that only takes minutes, your application will still have to be reviewed by an experienced professional before a final decision is rendered. The fastest lenders can complete the process in under 24 hours, as long as nothing is amiss.

One final thing to consider is the possibility of paying extra fees for fast money. Simply put, you could get approval in a couple hours followed by an offer to receive your cash right away. Nevertheless, if the lender charges a fee for instant delivery, you might be better off waiting a day or two for the money to be deposited in your account. It depends on how quickly you need the money.

Fast home loans secured against your property enable you to borrow money for nearly any purpose. They offer you the advantage of flexibility, easy access, large loan amounts, and reasonable interest rates. Secured Loan Expert encourages you to consider this sort of financing over high interest personal loans and other options. The many advantages of a secured loan make it a superior financing tool.

To make sure you find the best loan that matches your personal circumstances why not let our experts do the work. We don’t charge any fees for our advice and help in finding the right solution for your needs and have immense knowledge of the secured loan market and the systems to enable us to compare the whole of the market for lender offers that meet your requirements.

Once the best deal has been found our experts will advise you of all costs and submit an optimised application which matches your attributes to the lenders criteria maximising your chances of a positive result.

Call Us For FREE Expert Advice and the Latest Rates.

We source the best rates from the whole market

  • Borrow up to £2,500,000 Depending on the Equity in Your House.
  • Adjustable Repayment Terms from 3 to 30 years.
  • Secured Loans Can Be Used for Almost any Purpose.
  • Low Interest Rates.
  • Rapid Approval - Low Arrangement Fees.
  • Options for Homeowners with Bad Credit History.
We Will Find You the Best Secured Loan to Suit Your Individual Needs.

Call for FREE from Mobiles and Landlines:

01707 397463


Email us Apply Online