mortgage

Compare Secured Loans

Use the table below to compare popular Secured loans. Also known as second-charge mortgages or ‘homeowner loans’ they could be a good way to borrow large sums at a potentially lower interest rate. Secured loans are secured against your home. Do not take out a secured loan unless you are sure you can keep up with repayments. Failure to do so could mean losing your home.

Warning: Late repayment can cause you serious financial problems. For help, go to moneyadviceservice.org.uk

Paragon Personal Finance Prime Rate Secured Loan

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 65% £30,000-£500,000 6% APRC 5-25 years Send Enquiry
Available via brokers. 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


Masthaven Flexible Secured Loan

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 65% £10,000-£500,000 5.9% APRC 3-35 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 5.14% (variable) you would make 120 payments of £122.71 per month. The total amount repayable will be £14725.20 (This includes a lender fee of £495 and a broker fee of £1000 which have been added to the loan.) The overall cost for comparison is 8.6% APRC representative.


Prestige Finance

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 65% £10,000-£2,500,000 5.9% APRC 3-25 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


Shawbrook Bank Secured Loan

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 65% £10,000-£500,000 5.9% APRC 3-25 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


United Trust Bank Secured Loan

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 60% £10,000-£125,000 6% APRC 3-30 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


Norton Finance 1 Year Discounted Secured Loan

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 75% £3,000-£100,000 9.7% APRC 1-20 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


StepOne Finance

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 60% £5,000-£500,000 9.5% APRC 5-30 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


Central Trust Secured Loan

Provider Maximum LTV Loan Amount Overall Cost For Comparison Length of Loan Action
logo 60% £3,000-£250,000 11.4% APRC 3-30 years Send Enquiry
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.


Provider Details

Paragon Personal Finance Prime Rate Secured Loan

Send Enquiry
  • Maximum LTV65%
  • Loan Amount£30,000-£500,000
  • Overall Cost For Comparison6% APRC
  • Length of Loan5-25 years
Available via brokers. 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Provider Details

Masthaven Flexible Secured Loan

Send Enquiry
  • Maximum LTV65%
  • Loan Amount£10,000-£500,000
  • Overall Cost For Comparison5.9% APRC
  • Length of Loan3-35 years
Available via brokers 0808 164 6751

Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 5.14% (variable) you would make 120 payments of £122.71 per month. The total amount repayable will be £14725.20 (This includes a lender fee of £495 and a broker fee of £1000 which have been added to the loan.) The overall cost for comparison is 8.6% APRC representative.

Provider Details

Prestige Finance

Send Enquiry
  • Maximum LTV65%
  • Loan Amount£10,000-£2,500,000
  • Overall Cost For Comparison5.9% APRC
  • Length of Loan3-25 years
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Provider Details

Shawbrook Bank Secured Loan

Send Enquiry
  • Maximum LTV65%
  • Loan Amount£10,000-£500,000
  • Overall Cost For Comparison5.9% APRC
  • Length of Loan3-25 years
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Provider Details

United Trust Bank Secured Loan

Send Enquiry
  • Maximum LTV60%
  • Loan Amount£10,000-£125,000
  • Overall Cost For Comparison6% APRC
  • Length of Loan3-30 years
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Provider Details

Norton Finance 1 Year Discounted Secured Loan

Send Enquiry
  • Maximum LTV75%
  • Loan Amount£3,000-£100,000
  • Overall Cost For Comparison9.7% APRC
  • Length of Loan1-20 years
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Provider Details

StepOne Finance

Send Enquiry
  • Maximum LTV60%
  • Loan Amount£5,000-£500,000
  • Overall Cost For Comparison9.5% APRC
  • Length of Loan5-30 years
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Provider Details

Central Trust Secured Loan

Send Enquiry
  • Maximum LTV60%
  • Loan Amount£3,000-£250,000
  • Overall Cost For Comparison11.4% APRC
  • Length of Loan3-30 years
Available via brokers 0808 164 6751

Representative example: if you borrow £35,000 over 14 years at an Annual Interest Rate of 7.35% (variable) you would make 168 payments of £373.27 per month. The total amount repayable will be £62,709.36 (This includes a lender fee of £595 and a broker fee of £3,500 which have been added to the loan.) The overall cost for comparison is 9.7% APRC representative.

Secured Loans Jargon Buster

  • Adverse Credit

    Also known as bad credit or poor credit, this is a way of describing a low credit rating. If can be affected by your credit score, bad debts, bankrupcy, CCJ’s etc. Generally loans are more expensive and have a higher rate of interest if considered “adverse credit.”

  • APR

    APR (Annual Percentage Rate) is a handy way to compare the costs associated with different credit cards. It is calculated as the annual rate of interest divided by 12 months. It also includes any monthly or annual charges on top of the basic interest rate.

  • APR

    APR (Annual Percentage Rate) is a handy way to compare the costs associated with different credit cards. It is calculated as the annual rate of interest divided by 12 months. It also includes any monthly or annual charges on top of the basic interest rate.

  • APRC

    APRC (Annual Percentage Rate Of Charge) is a handy way to compare the costs of different mortgages. It is a calculation of the total cost of the mortgage including interest payments and various fees. Mortgages have different interest rates, discounted periods and various arrangement fees including booking fees, application fees, legal fees, transfer fees and valuation fees. The APRC gives consumers a base comparison rate that allows them to compare different mortgages side by side.

  • CCJ

    A County Court Judgement is issued by a court if you have failed to repay a loan or other debt. Your creditor, the company you owe the money to, has taken court action against you and if the CCJ is awarded it will negatively affect your credit score.

  • Credit Rating

    Your credit rating is calculated by a number of Credit Reference Agencies in the UK. It is a score used by financial institutions to assess your suitability for a credit card, loan, mortgage and other financial products. It is a reflection of how well you have managed your finances over time. If you have regularly applied for financial products and have made the required payments on time (credit card payments, mortgage payments, loan repayments etc) you will have a higher credit score. It is also helpful if you are on the Electoral Roll. You can request a Credit Report from a number of companies in the UK including Experian, Equifax, Clearscore and Noddle.

  • Debt Consolidation

    This is a type of loan that allows you to consolidate multiple loans or other debts into one single loan. One monthly repayment is made instead of many. A debt consolidation loan should work out cheaper for you with a lower interest rate and more manageable monthly repayments.

  • Early Repayment

    Lenders generally don’t like it if you repay early and so most secured loans will include a penalty charge that can be levied by the lender if you decide to pay off the loan before the end of the term agreed.

  • FCA

    The Financial Conduct Authority is a UK based agency that regulates the conduct of lenders and brokers in the personal finance market. Its aim is to protect consumers and maintain the stability of the personal finance market.

  • First Charge Mortgage

    When you take out your initial mortgage on your home, this is known as a first charge mortgage. Mortgages are a type of loan provided by a Bank or Building Society which are used to purchase a home or a piece of land. Mortgages can, in theory, be for any period of time but the most common type lasts 25 years. Mortgages are secured loans meaning the property/land is used as collateral until the mortgage is fully paid back. If you fail to make your repayments each month the bank can repossess the asset and auction it off..

  • Secured Loans/Second Charge Mortgage

    Secured loans are considered second charge mortgages if you still have some of your original mortgage outstanding. The lender, in this case, is protected by any equity in your home above and beyond the amount outstanding on your original mortgage. Secured loans are fairly easy to arrange if you have equity in your home as the lender is protected. The interest rates are usually lower than you would get for an unsecured personal loan and if you have a poor credit history, a secured loan might be your best option.




Disclaimer: TheMoneyDaily’s service is not intended to be, nor should it be construed as financial advice. We help our readers make informed decisions and can introduce you to comparison services and provide impartial information and guides. Where appropriate, we may introduce FCA authorised partners who can provide services relating to financial products.