UK Secured Loans

An alternative to equity release is to take a secured loan (or Second mortgage) against a main residence or a buy to let property.

 

 

Historically secured loans have been possible with very little paperwork, however due to the recent economic issues facing the worlds financial markets, the loan procedure is very similar to applying for a mortgage.

Whilst secured loan interest rates tend to be somewhat larger than Equity release mortgages, the advantages usually associated with secured loans are a higher loan to value,and you won't have to face the early redemption charges associated with breaking a mortgage contract.

To find out your options give us a call on 0114 2506177 or email us This e-mail address is being protected from spambots. You need JavaScript enabled to view it