UK Secured Loans

A Secured Loan allows you to borrow money with a far better interest rate than an Unsecured Loan because your home is used as security therefore Secured Loans are deemed less of financial risk by the lender. Your home is however at risk if you do not keep up repayments secured upon it.

In these modern times nearly 50% of UK Homeowners will have experienced some form of credit problems. These could be: CCJ's (County Court Judgements), Defaults, Mortgage Arrears, Bankruptcy, Debts, IVA's and Hire Purchase Defaults. If you have experienced any of the above you have probably got a Poor Credit History which will result in a Bad Credit Score.

Secured Loan - The Benefits:

An easy and manageable route to generating extra cash.
A remortgage carries the same expense as any mortgage, you still have to pay for things like: surveys, valuation, mortgage indemnity and solicitors fees. With a Secured Loan you would have none of this expense, making it easier to arrange.
You can use the cash for any purpose - for example, debt consolidation, home improvements, buying a car or going on holiday.
Using this for Debt Consolidation means that with one single payment each month, you have more control over your monthly budget.
Repayment period can be anything from 3 - 25 years.
Protected payment plans can provide extra peace of mind.

Adverse Monkey has information about a whole host of different types of UK Loans whether you are looking for a bridging loan or a self employed loan a consolidation loan or a tenant loan:

Poor Credit History means Problems getting Credit:

Most High Street Banks and Mainstream Lenders do not accept negative credit check scores. It will be near impossible to get a perfect credit score with any previous credit problem because your credit history will be on a credit check database. So what chance have you of getting a Personal loan, Secured Loan or Unsecured Loan for a UK resident. We can help you find the finance you require.

Online rather than High Street:

Independent Financial Advisors or Sub Prime Lenders who deal with Poor Credit will not punish you for a few minor CCJs and Defaults. They aim to provide financially manageable solutions based on the equity of your property which can be used as security.

If you keep up a good payment record for the remainder of your Poor Credit Secured Loan, most lenders will allow you to transfer to a new lower rate Secured Loan at a later date.