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Secured loans in the UK are mainly categorised by the fact they are for homeowners. This means that the person taking out the loan uses their home as collateral.

Secured loans enable homeowners to borrow capital and offset the risk against the value of their property. On a practical level this means that anyone taking out a secured loan is effectively using their property to guarantee the loan. Of course if the borrower falters with repayments, there could be a situation where their home is at risk.

Consequently, speak to Money Highway for advice on the best course of action before taking out a secured loan. You may be looking for a secured loan because you want to consolidate other, more expensive debt. Our professional team of Mortgage and Loan Advisors will talk to you in a dynamic and inspiring way. We can help you solve the route of your debts, and ensure that you have budgeted fully, and can cover the loan repayments.

The secured loans we can source on your behalf have a number of distinct benefits over other types of borrowing.

Lower risk means that the banks and building societies on our panel of lenders can pass on some of their savings (made on insurance and other similar policies) by offering our clients much better rates if they are property owners. However, attractive APR's are not the only benefit you obtain by taking out a secured loan through Money Highway.

Our secured loans can come with all sorts of flexible repayment terms. The idea of a 'payment holiday' may be attractive to you. This is where you may halt repayments for an agreed period of time in order to divert capital elsewhere. You can also benefit from favourable redemption charges - so you wont be stung if you are in a position to pay back the loan early.

Many of the secured loans we can obtain are spread over a much greater timeframe than unsecured loans. This means that our lenders give our clients greater flexibility. Repayment terms of 25-30 years also mean that it's easier to keep track of your finances. Arranging your secured loan through Money Highway should reduce the chances of any unpleasant money surprises.

With property as security our clients find that lenders are prepared to offer much larger loans. Unsecured loans for clients with a good credit history can expect a maximum of £25,000. Our loans offered to secured borrowers are calculated according to their property value. This may involve some considerable sums of money.

Before they approach Money Highway, many people mistakenly think that bad credit means that they will struggle to get a loan. Our clients with adverse credit histories shouldn't encounter any problems when applying for a secured loan.

Secured loans are different from unsecured loans in the following ways:

Secured Loans Are Easier To Be Approved For.

Due to the fact that our clients are, in effect, guaranteeing the home on the fact that they can repay any secured loan taken out, they will find it easier to be approved for this type of loan. Unsecured loans are more difficult to obtain as they provide a higher risk to the lender.

Secured Loans Offer Cheaper Interest Rates.

Again, due to the decreased risk to the lender, Money Highway clients looking to obtain secured loans will find that the interest rates we source will often be much cheaper. Unsecured loans incur a higher rate of interest.

Money Highway is passionate about helping people with their finances, whatever their circumstances. We can obtain secured loans even if you have:

• County Court Judgements/Defaults
• Mortgage Arrears
• Been A Discharged Bankrupt
• Had Or Currently Have An IVA
• Previously Been Repossessed
• Income - But Can't Prove It
• No Accounts/Self Employed
• Short Employment History
• No Credit History

Money Highway can produce some of the cheapest rates available on the current market. With the reduced risk, our lenders (we have over 400 on our panel) are able to offer some of the most competitive APR rates. If you need a fast, low cost loan, and own property, then let Money Highway turn your dreams into reality.

Home improvements, holiday, new car. It doesn't really matter what you want, as long as you are a homeowner. We will tailor a secured loan to fit your needs. Money Highway and secured loans - a winning formula !

Apply Online or speak to a Financial Advisor