Low Rate Loan

 

If you are a homeowner with available equity in your property then obtaining secured loans to match your finance requirements can offer a relatively quick and straight forward process. Secured loans may be arranged on highly competitive rates of interest on the understanding that you are prepared to offer your property to the lender as security for the loan advance. The interest rates available on secured loans tend to be highly attractive when compared to unsecured loans as by their very nature; the lender will then have an interest over your property.

 

Secured loans are arranged by way of a legal charge, usually following that of your first mortgage. On completion of your loan application, this legal charge will then be registered against your name and property with the Land Registry Department. Secured loans may also be referred to as 'second charge' loans as they will usually follow second in line to your original mortgage lender. It is possible to arrange a third charge loan to be secured after a secondary secured loan however this is very uncommon and few lenders will be prepared to do this unless you are redeeming the previous secured loan - in which case it would then no longer be a third charge loan.

 

The accessibility of secured loans make them a truly viable option to many UK homeowners looking for a quick solution to their finance requirements.

 

There are secured loans to match the needs & circumstances of many different types of borrowers, from those with an unblemished credit history, to those with mortgage arrears, CCJs, IVAs and defaults.

 

There are secured loans available from £5,000 to £100,000 for almost any purpose; whether you are looking to carry out home improvements, consolidate existing debts, purchase a new car, or simply take the family on a well deserved holiday.

 

The term of the loan is flexible too! Monthly payments can be spread out over 5 years up to 30 years. Be aware however that the longer the term over which you spread the repayments, the more interest that you will have to pay out over the term of the loan.

 

There are many instances when taking out secured loans becomes a more financially viable option to simply remortgaging. For example, if you are tied in with your mortgage and face a hefty early repayment charge, then taking out a secured loan for your finance needs in this case, could work for you! The set up costs associated with secured lending tend to be a great deal lower too!

 

The term ‘secured loan’ simply means that the secured loan lender will have security (your property) for the money that it lends to you. The fact that the lender will have this security also means that the interest rates for a secured loan could work out to be lower than on comparable unsecured loans.

 

To find out if you qualify for a secured loan, simply complete the short enquiry form - Any Loans promise to consider every type of application from every type of borrower. Your enquiry will be dealt with by a friendly and experienced member of staff - At Any Loans they put their customers first so that they can provide a top quality service that you would be happy to recommend to a friend.