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Secured LoansA secured loan or homeowner loan as it is known, is a loan that requires security form the person taking out the secured loan. Secured Loans, are loans which use your property or other assets as a guarantee against the loan. This means that if you default on the secured loan, the loan company can use the value of your assets (e.g your home) to recover the debt. This also means that the risk to the lender is low, and so choosing a secured personal loan will usually offer a lower interest rate to the borrower. Secured loans can be used for virtually any purpose you can think of such as debt consolidation, home improvements, holidays etc. Secured loans are a means for home owners to release the capital within their property to use for vitually any purpose. Banks will normally lend a minimum of £3,000 with the maximum loan amount being dependent on the value of your property and the size of your existing mortgage. As a U.K Independent broker we are able to find you secured loan quotes from £3,000 - £500,000 from a panel of secured loan lenders at NO COST to you. If you are a homeowner and have multiple outstanding loans, you can consolidate debts with a cheap secured loan. Whatever the circumstances of your bad credit rating we can help you find the right secured loan.Secured loans are the fastest growing type of lending in the UK. Mortgage help centre loan lenders are now offering cheap secured loan products to cater for this growing market.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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