A secured loan puts cash in your pocket and is an extremely flexible facility which enables you to choose sum you wish to borrow at a repayment you feel able to manage comfortably.

With a Secured Loan you can borrow from £5,000 to £75,000 with low monthly repayments. Secured Loans secured on property can be repaid over a period of between 5 years and 25 years .

Secured loans can be used for any purpose, there are no restrictions. Maybe you need to reduce your monthly outgoings by paying off all your debts, leaving you with one lower and more manageable monthly repayment. Or perhaps you would like to buy a new car, boat or caravan. What about new windows, conservatory or maybe an extension? It really is up to you.

One of advantages of secured loans is that they are generally straightforward and therefore quick to arrange, often within a few weeks. As lender is securing loan against your property as collateral, it means you don't have to sell up or move house.

In event that you cannot repay loan and you default on it, lender then has right to force you to sell this collateral in order to recover money that you owe to them. The collateral is usually a house or other property.

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The main benefit of a secured loan is that, typically, they offer a cheaper interest rate than unsecured loans. The cheaper interest rate reflects reduced risk involved for a loan company in providing a secured loan. Approval for secured loans tends to be easier than for unsecured loans.

Secured loans can be used for any purpose and are one of ways that you can use equity in your home to raise money for things you've always dreamed of - like that long overdue holiday, home improvements, or buying a new car. You can also use a secured loan to consolidate your debts into one manageable monthly repayment.

It does not matter what type of lender is providing loan. Whether it is a high street bank, building society or finance company result is same. If you borrow money using a mortgage as security you are agreeing that lender can claim mortgaged property if you fail to keep to agreement.

If you agree to a secured loan on your home, you should remember that, although property remains in your possession, it can be repossessed by lender if loan and interest are not paid according to agreed terms. The lender will then sell property in order to recover money you borrowed plus additional costs incurred in recovering money – this is same with all lending companies.

Low cost insurance can be arranged to cover your repayments. Most people find that it is a small price to pay for peace of mind it gives. Loan insurance policies cover your personal loan if you are unable to work because of illness, accident or disability, or you become unemployed.

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