YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT. ALL LOANS ARE SUBJECT TO STATUS. SECURED LOANS ARE SECURED ON PROPERTY.
Only Residents from the UK may register as users of this site or apply for any of the services on offer. Written quotations available on request. Other terms and amounts available. Special plans on different terms for clients with CCJ's, arrears, and for the self employed without income
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Site Last Updated: 19/12/2006
Part of the Michael J Alexander Group Ò 2003 - 2006
Ó www.a-secured-loan-4-you.co.uk - Specialists in secured loans
Site Updates: Wednesday 20th December 2006
Here are some of the most commonly asked secured loan questions answered.
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Q: How easy is it to be approved for cheap secured loans?
A: Much easier than for unsecured loans because you are offering your home as security against the borrowing. The criteria are therefore much less strict.
Q: How do interest rates compare for secured loans?
A: Interest rates are relatively cheap - much lower for secured loans than unsecured loans - because of the reduced risk to the lender.
Q: What happens if I get into difficulty with the repayments?
A: Because you are a home owner and you have provided your propety as security, the lender will usually give you more time and offer more help with getting back on track than if you found yourself in similar circumstances with unsecured borrowing. This may not always be the case though and it's much better to be certain that you will be able to meet the commitments before you apply for the finance.
Q: Do secured loans take longer to go through?
A: More often than not yes, but most borrowers are happy to wait a bit longer to realise the benefits of longer borrowing terms and lower interest rates and cheap monthly repayments offered by secured loans in the UK. For more details about the procedure of applying, click here.
Q: How much can I borrow?
A: There are several factors that any lender will take into account when looking to offer cheap secured loans to UK residents. Generally, these are the current valuation of your home, the combined incomes of the applicants and how much you are already borrowing against your home.
Part of the Michael J Alexander Group
We are a UK Based Secured Loans Specialist
If you are looking for a secured loan, and want to borrow at the best possible rate then fill out our application form or our request call back form and we will help you from there.
Secured Loans, What are they?
It is usually essential to raise finance for important purchases including for example property related investment such as extending the property or adding additional space onto the property.. One method for raising this finance is to borrow money with security put down against the loan thus a secured loan. This effectively guarantees the loan by assigning rights to the security in the event of a loan default.
