Secured Loans UK are where you (the borrower) pledge an Asset usually your home or similar property that you own, (which could also be a Commercial property for example, or any other agreed Asset which the lender can use as collateral.) In terms of the lender, it is much less of a risk to them if your Loan is being Secured to an asset, as opposed to Unsecured loans (or Personal Loans), where no Asset is offered by you as collateral.

They fall into 3 main categories as follows:

1/ Prime

2/Sub- prime

3/ Non status /or non conforming

A typical Prime applicant looking for Secured Loans ( Homeowner) has a clean credit history and high levels of equity in their property.

A sub- prime applicant is where you have currently or previously had a poor credit history due to mortgage arrears, defaults on other finance or CCJ's, you fall into this category.

A non statusapplicant is where you are self employed and wish to self certify your income, or if the lender was lending to you on a non standard type constructed property !

So, you can get quick loan deals at Best Deal Loans UK, as we have the best Secured Loans for whatever your circumstances, so long as you own your own property!

Why Secured Loans?

As Homeowner Loans greatly reduce the risk to the lender, the rates are often much more favourable than Personal ( unsecured )Loans and also the amount you are able to borrow is far greater than what you are able to borrow if the Loan is Unsecured!

Advantages of Homeowner Loans to you!

Probably the main benefit to you, is that it is not linked directly to your existing mortgage, so therefore you are able to take Secured Loans over a much shorter term than your mortgage, thus paying it off much sooner!

Also, if your mortgage is currently on a fixed rate for example and you need additional finance, you probably wouldnt want to expose your whole mortgage account to higher re-mortgage rates, or indeed pay the Redemption Penalties (early repayment charges) which themselves could run into thousands of pounds, just to obtain further finance. So, best Secured Loans uk will do the trick for you and keep you in total control of your finances, which we believe is all important!

So, depending upon your income and the available Equity in your property, you can borrow anything from £5000 to £250,000, so dont delay call us quick and speak with one of our experienced, friendly Loan Advisers on 0845 263 5570, for the best available loan deal online in the uk or simply leave your basic details on our contact form and we will call you back fast.