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
Our FSA number is 409725
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
Secured personal loans have become a very popular product in the financial market. The security in the loan enables borrowers to benefit a lower interest rate and more flexibility.
Secured and Unsecured Personal Loans
Personal Loans are available to you in varying amounts and will usually depend upon the purpose for which you require the loan. The amount borrowed usually starts from £1000 upwards. The amount borrowed is generally repayable over a period of between 1 - 10 years. Lenders charge interest rates on the amount borrowed. Their rates can either be fixed or variable. If the rate is variable, the rate changes with market forces and could change the amount you repay. Fixed rates offer more certainty but can be at a higher rate.
Depending upon your circumstances, Personal Loans can either be secured or unsecured. Secured Personal Loans have your property set against them as security for the amount borrowed. The interest rate on secured loans tends to be lower than unsecured loans but are not available to tenants. Personal Loans are repayable on a monthly basis at a fixed amount. However, some lenders offer the option of over-payments or under-payments that could assist you with your personal circumstances.
Lending institutions offer you the option of taking a Personal Loan either in person, via written application, over the phone, or on-line. Assessments can be made very quickly. Your income and financial commitment details are collated together to see whether or not you can afford to take on the Personal Loan. The suitability of the Loan itself for its intended purpose is also assessed. Lenders use credit scoring facilities and credit reference agencies to assess your suitability. Credit Scoring assesses your personal statistics, for example your age and occupation and each statistic is given a score. This is to ascertain which broad category of borrower you fit into. Credit reference agencies provide a detailed analysis of your own financial position. In particular, any county court judgements, (C.C.J's) which you may have, details of previous credit searches against you and details held on the electoral roll about you.
If you are refused a Personal Loan or wish to make enquiries concerning your own credit file, you can apply to the credit reference agencies for a copy of your credit file. A small fee will be charged for this service. Details may be obtained from your lender.
The processing time of such loans is generally less. A person with bad credit history can also apply for a secured personal loan. Of course, the loan amount depends upon the equity of the property. But as a norm, you can avail up to 90% of your property equity. Secured personal loans are easily available. Several banks and financial companies offer secured personal loans with attractive terms and conditions. A detailed online search will guide you on the right track. Additionally, you also can go in for online loans.
Website design and optimisation by Foley-Computers.
This site participates in the MyLongTail and HitTail Beta services to monitor visitors.
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.
