Secured Loans - Do you need to raise extra cash from your property but are unable to because of restrictions on criteria in the mortgage market?
Choosing a secured loan rather than a remortgage may be the answer if you wish to retain an interest only mortgage or want to keep the current rate of interest. Generally they are much quicker to arrange and funds can be with you within 3-4 weeks.
There are many reasons to take out a secured loan and listed below is some of the general criteria:
Loans from £10,000
Terms from 3-30yrs
Up to 95% Loan to value
Self employed clients with less than 12mths trading
Capital can be raised for any legal purpose including business use or to repay a tax bill
Poor credit history accepted including CCJ’s, defaults and mortgage arrears