Secured Loans

Need to raise capital but still within your fixed term mortgage?

What is a secured loan and when are they used?

Similar to a mortgage, a secured loan will offer very competitive rates of interest, but are usually more expensive than a mortgage.

The interest rates offered are usually much less than a Credit Card, Personal Loan and Higher Purchase Loans offered by banks and other lending institutions. This is because the loan term is generally longer, and secured, just like a mortgage on your home. Amounts available are from £5,000 – £100,000 with terms between 5 – 30 years.

The loan is granted against the equity of your property i.e. if your property is valued at £100,000, you have a mortgage of £50,000; the equity available would be £50,000. For loan purposes this would mean that your debt on your current property has a” Loan to value” (LTV) of 50%.

For this scenario if a Secured Loan Lenders maximum LTV is 90%, an amount of £40,000 can be borrowed. The money raised can be used for Home Improvements, Debt Consolidation, New Car or any other legal purpose.

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Every Step Of The Way

We are simply a call away should you need to go over anything during the application process.

Dedicated Loan Concierge

One case manager that understands your application, no passing from pillar to post

Flexible Rates & Low Fees

With our whole of market options, you can rest assured that we will find the best rate for your loan.

Talk with a Lending Specialist.

Complete the form below and an advisor will call you at a time convenient for you.

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How it Works

Let us help you get your home today.

We take care of everything from start to finish so you dont have to.

Step 1

Initial Consultation

At the first mortgage call, the advisor will ask you about your personal circumstances and expectations. They'll want to know what sort of property you're looking to buy and how much you can afford to spend on one. They'll also want to review what you earn, your outgoings, your savings, and your credit history

Step 2

Document Collection

We will help you collect all the information required for your mortgage application

Step 3

Evaluation and Approval

Once we have located a suitable lender for your circumstances, we will obtain a decision in principle for you.

Step 4

Disbursement Process

Once all the valuations and checks are complete, the mortgage lender will disburse the funds to the vendors solicitors and you can collect your new property keys.

Brilliant Mortgage Options is a leading mortgage finder that offers streamlined solutions for the modern homebuyer.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.