SECURED LOAN GUIDE
A secured loan is a loan that requires you to use your property as security against the loan, so the lender is able to balance the risk of lending to you.
WHY SHOULD I CHOSE A SECURED LOAN?
Secured loans allow you to borrow more and repay over a longer period than a personal loan – up to 25 years. They can normally be used for almost any purpose and as the lender has the benefit of security they can be offered to people who may be excluded from other loans. Borrowers who are self-employed, have recently changed jobs or have previous credit problems will be considered for a secured loan. They are also useful for borrowing larger sums or where the applicant requires a longer repayment period.
HOW CAN I FIND THE BEST SECURED LOAN?
Finding the best secured loan for your situation can be complicated as there are many factors for the lender to take into account. With so many providers offering secured loans, trying to compare them all yourself could take forever.
All you need to do is tell us a few details about the secured loan you’re looking for and your personal circumstances. It’s free, impartial and any information you give us will remain confidential and secure.
HOW CAN I BE SURE ITS THE BEST FOR ME?
As well as comparing the available secured loans, Harborough Mortgages refers you to a broker where appropriate to ensure you get the best possible deal. Some lenders prefer to only work through brokers. It is for this reason we have chosen to work with an approved broker as they will have access to a wider range of lenders and will use their expertise to match a secured loan to your circumstances.