Secured Loans
Loans available for a wide variety of purposes, including home improvements, debt consolidation and more!
Fixed Interest Rates From 4.6%*
Search Without Harming Your Credit Score
Loans From £10,000 to £500,000
Borrow Up To 6 Times Your Income
Loan Repayment Terms From 5 to 35 Years
Why Choose Finamply Bespoke Lending?
Personal, Expert Advice
Your personal broker will find a secured loan that suits your circumstances, no matter how complex.
Independent
We work for you, not the lender, and will search the market to find the right deal across hundreds of rates.
Finance & Property Experts
We are experts across the whole finance, insurance and property sector providing in-depth knowledge to help you make the most of your home or investment.
Convenient
We're open from 8:30am to 6pm Monday to Saturday, later by appointment, Online, Telephone, and Zoom. We can even meet you in your home or at the office.
Compare remortgage rates from 90+ lenders
We will search over 90 lenders and 12,000 mortgages so you can compare personalised rates and get the perfect deal.
The Bank of England is expected to increase the Base Rate soon - which means lenders may increase interest rates and repayments may become more expensive.
Some lenders have started to increase their rates already.
This means that you could save money by securing a lower rate now - even if your current deal doesn't finish for up to 6 months.
Don’t miss out! Find out how much you could save.
Speak to one of our mortgage experts for a no obligation quote.
FAQs
© Finamply 2023. All rights reserved.
Is a secured loan right for me?
Every client’s situation is unique. Secured loans are a convenient and cost effective way of releasing money from your home.
To ensure that you're raising funds in the most cost effective way, our expert advisers will also review your mortgage options, personal loans and even the possibility of raising a further advance from your current lender, all before discussing your financial options with you.
Who can qualify for a secured loan?
What "Loan to Value" can I achieve?
For a secured loan againt your main home, you can expect to be able to release up to 85% of the value of your property, subject to your income.
If you're using a secured loan to release cash from a buy to let, or investment property, you can expect to be able to release up to 80% of the property value.
Will a secured loan affect my mortgage application when I come to remortgage?
A secured loan will not affect the loan to value of your main mortgage, unless you choose to borrow the extra money at remortgage to pay off your secured loan.
As an example, if you have a property worth £100,000, a main mortgage of £60,000 and a secured loan of £20,000 then your loan to value for remortgage purposes will be 60% (£60,000 divided by £100,000), despite your overall borrowing being 80% loan to value.
This means that you should still qualify for a lower rate of interest on your main mortgage, as mortgage lenders interest rates are reduced for lower loan to value mortgages
When you remortgage, your new mortgage lender will usualy take the monthly payment of your secured loan as a comitment when calculating the amount they're prepared to lend to you. This is the same principal for any personal loans of credit cards which you may have.
I'm concerned that I might not qualify for a loan. What should I do?
It's always worth speaking to an expert adviser to better understand your options. We come accross many clients who have been rejected elsewhwere, just to find that we're able to secure them the funding they need.
If there's something specific that you're concerned about then do let us know and we'll make sure to check this out for you first. We wont perform any checks which will leave a "footprint" on your credit record without discussing this with you first.
How quickly can I have the money?
Can I get a secured loan with bad credit?
88%
Based on 468 reviews
3 Great Reasons to Take a Secured Loan
Raise Additional Cash
Raise additional cash by releasing money from you home or buy to let for home improvements, renovations, a second home purchase or even a holiday!
1
Expand Buy to Let Portfolio
Many landlords utilise secured loans to release up to 80% of the value of their buy to let property in order to buy further properties to expand their portfolio.
2
Pay Off Debts
Pay off high-interest expensive debts (e.g. credit cards, personal loans or overdrafts) with a debt consolidation secured loan.
3
Compare & Save On Remortgage Deals
- Compare the UK's Leading Lenders
- Secure Low Fixed Rates - Now
- Free, No Obligation Quotes
- Save Money, Time and Hassle
Your property may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
3 Great Reasons
To Remortgage
Bespoke Mortgage Advice - Every Step Of The Way
Secure A Better Deal
You may be paying more on your existing remortgage than you should. Secure a lower Fixed Rate by switching mortgage providers.
Release Funds
Access additional cash by releasing money from your home for home improvements & renovations, a 2nd home deposit, or even a holiday!
Consolidate Debts
Pay off high-interest expensive debts (e.g. credit cards, personal loans, or overdrafts) with a debt consolidation remortgage.
Review Your Mortgage Now
Want To Know More About Secured Loans?
Cant find the answers you need below? Speak to one of our experts today, we're happy to help!
We're passionate about the people we serve and the properties they own.
Our expert teams cover all aspects of financial services and property services, from mortgages to lettings, from protection estate agency and from commercial property to pensions. Working with us not only gives you access to the right finance, but also the in-depth knowledge to make your financial and property goals a reality!
Why Take A Secured Loan Rather Than Remortgage?
Avoid Early Repayment Charges
If you remortgage to a new, main lender within a fixed term you may have to pay thousands of pounds to end your current loan early.
Borrow More
Most main mortgage lenders will only lend up to 4.5 times your annual income. By comparison, secured loan lenders will often lend up to 6 times.
Keep a Low Loan to Value On Your Main Mortgage
By borrowing the additional funds from a new lender, you could qualify for lower loan to value, and thus a lower rate, on your main mortgage when you remortgage at the end of your fixed rate.
Get the funds you need faster
Secured loans are often much quicker to arrange than a main mortgage, taking weeks rather than months for you to access the funds you need.
As a general rule, taking a secured loan as opposed to remortgaging will allow you to:
Unlike a personal loan, a secured loan allows borrowers to raise significantly more money - up to £500k depending on income and the amount of equity in your property - because the lender has the added security of a legal charge over your home or investment property. This can also increase the likelihood of a loan being approved by a lender.
Its also typical for secured loans to be offered over a much longer term than a personal loan, which can reduce the monthly payments considerably making these loans more easily afforded, although you should be aware that as a rule, the longer you take to repay the loan the more interest you will pay.
Secured loans lenders are often more flexible than a traditional mortgage lender, allowing borrowers to borrow up to 6 times their annual income, with greater flexibility around the use of funds being raised.
The process and time to access funds is also typically much quicker, meaning that you'll have access to the cash you need faster and often without the need for a conveyancer!
How Are Secured Loans Different to a Mortgage?
How Are Secured Loans Different to a Personal Loan?
Unlike a personal loan, a secured loan allows borrowers to raise significantly more money - up to £500k depending on income and the amount of equity in your property - because the lender has the added security of a legal charge over your home or investment property. This can also increase the likelihood of a loan being approved by a lender.
It's also typical for secured loans to be offered over a much longer term than a personal loan, which can reduce the monthly payments considerably making these loans more easily afforded, although you should be aware that as a rule, the longer you take to repay the loan the more interest you will pay.
How Are Secured Loans Different to a Mortgage?
Secured loans lenders are often more flexible than a traditional mortgage lender, allowing borrowers to borrow up to 6 times their annual income, with greater flexibility around the use of funds being raised.
The process and time to access funds is also typically much quicker, meaning that you'll have access to the cash you need faster and often without the need for a conveyancer!
Why Take A Secured Loan Rather Than Remortgage?
Avoid Early Repayment Charges
If you remortgage to a new main lender within a fixed term you could have to pay thousands of pounds to end your current loan early.
Borrow More
Most main mortgage lenders will only lend up to 4.5 times your annual income. By comparison, secured loan lenders will often lend up to 6 times.
Keep a Low Loan to Value On Your Main Mortgage
By borrowing the additional funds from a new lender, you could qualify for lower loan to value, and thus a lower rate, on your main mortgage when you remortgage at the end of your fixed rate.
Get the funds you need faster
Secured loans are often much quicker to arrange than a main mortgage, taking weeks rather than months for you to access the funds you need.
As a general rule, taking a secured loan as opposed to remortgaging will allow you to:
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
There may be a fee for our advice and service. The actual amount you pay will depend upon your circumstances. The fee is typically £998.
Securing debts against your home may extend the term of the debts and the total amount which you need to repay.
*Representative Secured Loan Example: If you borrow £100,000 over a 15 year term on a fixed interest rate of 8.99% for the first 5 years, followed by 11.5% variable for the remaining term, your monthly payments for the initial 5 years will be £1,013.67. Representative APRC of 10.7% variable. The total amount of interest and capital you'll repay over the term of the loan will be £197,480. This example includes £1,595 of fees in total, which may be payable to the lender or to Finamply.
Finamply is a trading name of Western Eagle Finance Limited which is directly authorised and regulated by the Financial Conduct Authority.
Some products and services which we offer are not subject to regulation by the Financial Conduct Authority and may not benefit from protection under the Financial Services Compensation Scheme. Your adviser will advise you of the regulatory status of our services once they've assessed your needs.
Western Eagle Finance Limited Registered Office: Thelnetham House High Street, Thelnetham, Diss, England, IP22 1JL. Registered in England Number: 13691352