Secured Loans
A secured loan is where you put up some kind of security, such as your home or a second property, when taking out the loan. They are also known as 'homeowner loans'. If you don't have a home to put up as security, you will need to consider one of our alternative loan products. Moneybrain is authorised and regulated by the Financial Conduct Authority as a credit broker. We are not a lender. Moneybrain Advice Ltd is Authorised and Regulated by the Financial Conduct Authority in respect of mortgage and insurance advice (FRN 940441).
There are a number of options available to you, and we would strongly suggest that you speak to one of our experts to discuss your requirements. Simply click 'Enquire', complete the simple form, and one of the team will contact you directly to discuss your options and tailor a solution.
Overall representative example: Based on borrowing: £18,000 over 120 months
The overall cost of comparison: 9.1% APRC representative
Borrowing rate: 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71
Broker fee: £1,530
Lender fee: £495
Total amount payable: £26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40
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