Secured loans frequesntly asked questions. Find out the best way to use your home.

Secured Loans FAQ

What is the difference between an unsecured and a secured loan?

A secured loan is based on the fact that, as a homeowner, your property gives the lender security. That means you'll often get a better interest rate on a secured loan, compared to an unsecured loan, because the lender considers it to be less of a risk.

Can I get a secured loan if I'm not a homeowner?

No, a secured loan can only be arranged using your property as collateral. However, if you're not a homeowner, you can apply for an unsecured loan at a competitive rate. Click here to see how much you could borrow and what your repayments might be. Or call our friendly staff on 0800 019 7373 and we'll be happy to advise you. Alternatively, you could apply online (link to unsecured loan application) and we'll get back to you as quickly as we can.

Can I still get a secured loan with a bad credit history?

As long as you are a homeowner and the value of your property is greater than your mortgage (you have equity in other words), a bad credit history won't necessarily exclude you from getting a secured loan. Because the lender has security, mortgage arrears, County Court Judgements (CCJs), payment defaults and other problems, such as no proof of income, are often less of an issue with a secured loan.

Where can I find a glossary of secured loan terms?

Just click on our loan information glossary for an explanation of some of the words you might come across when you're looking for a secured loan or other form of finance.

How do I apply for a secured loan?

Applying for a secured loan couldn't be simpler. You can either apply for a secured loan application online using our simple form or call our friendly staff on 0800 019 7373. We're here to help, so if you have any questions or concerns or you'd like more information about secured loans, just ask.

What will happen after I apply for a secured loan?

First, our team of professional underwriters will assess your individual requirements and circumstances and look for the best secured loan for you amongst our panel of lenders. We always try to get you a decision in principle within 24 hours of your application. If you wish to go ahead, we'll keep you informed of the progress of your secured loan and let you know exactly what you need to do and when. You won't need any interviews and all the paperwork can usually be completed through the post and by phone. We'll do everything we can to make sure the process runs smoothly and you get the money as quickly and efficiently as possible.

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