Secured loans or second charges are where you can secure finance on your property. These are often used for home improvements etc and sit behind the first charge ( Mortgage) and can often be the best way to raise finance if your Mortgage Lender will not allow you to raise it on the mortgage are you re tied in on a fixed rate with your existing lender and it’s too expensive to move the rate.
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.
The Financial Detectives will advise you on the suitability of a secured loan for your personal situation.
Contact us now for free advice on how we can assist.
At The Financial Detectives we have trained advisers who can give quality advice on secured loans. Give us a call on 01823 210386 or send us an email to find out more.