Secure Loans
Secured Loans & Bridging Loans
Sometimes a remortgage or a further advance from your current lender is not the best or available option for raising additional funds. In these circumstances, a Secured Loan (also known as a second charge mortgage) could be the solution.
A secured loan allows you to borrow money against the equity in your home, without disturbing your existing mortgage arrangement. This can be particularly useful if you are on a very low competitive rate with your current mortgage lender, or if you face early repayment charges.
We can also assist with Bridging Loans, which are short-term funding options used to 'bridge' a gap between a debt coming due and the main line of credit becoming available, or to purchase a property while waiting for another to sell.
Why Choose a Secured Loan?
Secured loans can be a versatile financial tool. Here are some common reasons clients choose this option:
- Raise funds for home improvements
- Consolidate existing debts
- Raise capital for business purposes
- Pay for a major purchase (e.g., car, holiday, wedding)
- Available for homeowners with existing mortgages
- Can be used when remortgaging is not an option
Each situation is unique, and we recommend speaking with our advisors to ensure this is the right path for your financial needs.
Ready to discuss your options?
Arrange a MeetingThink carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
As with all insurance policies, conditions and exclusions will apply.
Secured Loans and Bridging Loans are arranged on an introduction only basis.