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Secured Loans

A secured loan is a loan that is taken out against the value of some specific item of value, usually a property.

Failure to repay the loan can result in the repossession and sale of the property to cover the debt.

There are various different types of secured loan, however, the most common by far is a homeowner loan.

These loans usually come with a lower rate than unsecured loans and they are generally much easier to obtain. This is because of the added security, which protects the lender from any inability on the borrower to repay the loan.

For a homeowner loan, the amount is limited by the surplus equity in the property. It would be the difference between the property value minus the existing mortgage. Depending on your circumstances Lenders will advance loans of up to 100% of the property value.

To find out further details contact 1 STOP Financial Services where one of our advisers will be pleased to help you.

SECURED LENDING / LOANS ARE NOT AUTHORISED AND REGULATED BY THE FINANCIAL SERVICES AUTHORITY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR SECURED LOAN