A secured loan or second charge is finance borrowed in addition to a pre-existing mortgage. Secured loans are only available to homeowners and work in the same way as a mortgage, with the debt secured against the value of the property. Although there are some similarities between a secured loan and a mortgage the two products are completely separate. A secured loan is a different product to a further advance on an existing mortgage that you may have. We can refer you to our panel of lenders for secured loans.
Please contact us for further details.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Secured loans are not regulated by the Financial Conduct Authority.
Secured Loans are referred to a third party. SPB Mortgage Consultants Ltd and First Complete Ltd are not responsible for any advice received from the third party.