Secured Loans (Call 0800 138 2657)
Generally it is easier to obtain a Secured Loans than an unsecured loan. The lender's risk is much less when they secure a charge on your home rather than if no security is given. For home owners who have recently changed jobs, are self employed or have a poor credit history, it makes it easier to obtain a loan.
The maximum amount of any Secured Loan will directly depend on the mortgage balance or the mortgage company's maximum liability (for a flexible mortgage) and the value of the property. The maximum lending facility is much higher for Secured Loans.
Secured Loans reduce the risk lenders and therefore borrowers generally can obtain a loan with lower repayments than a personal loan.
It is possible to obtain a higher loan if it is a Secured Loans. We can lend without a maximum limit depending on the equity (risk). Secured Loans are registered as a charge against a property and are then called a second charge.
Secured Loan will have interest charged on the sum borrowed. This is normally called the nominal rate. Most lenders measure their lending interest rate using an Annual Percentage Rate (APR) in order to simply the comparison of quotes.
Chase Saunders Secured Loans:
A qualified secured loan underwriter will deal with enquiry directly. After simply filling in our quick enquiry form, an underwriter will call to discuss your personal circumstances. We do NOT employ any telesales staff nor do we have a call centre. Secured Loans applications are quickly assessed and in most cases a quote will be given immediately after the underwriter has taken some basic details.
