Secured Loan Rates From 2.9% Our loan comparison service is delivered by brokers who will compare rates from over 18 lenders to find you the cheapest loans.

This service is powered by the secured loan experts at Lending Expert & Smart Money Loans. All credit types considered. Read customer reviews here.

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We’re secured loan experts who help UK homeowners compare and find the very best secured loan rates from across the market. We can help you secure a loan regardless of your employment type, credit history or property. Solutions for non standard and bad credit first and second charge buy to let loans.

Homeowner loans

Homeowner loans are simply another name for secured loans and are also commonly referred to as second charge loans. Read our expert guide to learn more or request a quote from Lending Expert.
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How to compare secured loans

We can take the hassle out of secured loan comparison by searching across the market to compare loan rates and lenders side by side. Read our expert guide to learn request a quote from Lending Expert.
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Try Our Secured Loan Calculator

Our secured loan calculator is free to use and will give you an estimate of how much a secured loan may cost and what the monthly repayments may be. Here you can view interest charges and monthly loan repayments given the loan amount and repayment term.
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Need A Secured Loan For Bad Credit?

Having bad credit doesn’t mean you can’t get the loan you need. There are many secured lenders who offer loans to applicants with adverse credit, past CCJ’s, missed payments and defaults. Read our expert guide to learn request a quote from Lending Expert.
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How to Get A Buy to Let Secured Loan

If you’re a landlord and wish to refinance a buy to let property then a secured loan may be the best solution for you. We have access to a range of lenders who offer loans on buy to let properties including HMO’s, service accommodation and semi-commercial property. Read our expert guide to learn request a quote from Lending Expert.
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Want The Best Secured Loan Broker?

A good broker will find you the best loan that meets your needs and requirements. Not only will they search the market, but they will also work hard to ensure your loan completes quickly from your initial enquiry to the funds released from the lender. Read our expert guide to learn request a quote from Lending Expert.
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What is a secured loan?

If you have never heard of a secured loan or you wish to learn more this guide goes into more detail about what a secured loan is and how it can benefit you. Read our expert guide to learn request a quote from Lending Expert.
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Secured debt consolidation loans

Debt consolidation is one of the most popular reasons why people take out a secured loan. This expert guide explains how you can consolidate your existing debts such as credit cards, overdrafts and other credit using a debt consolidation loan. Read our expert guide to learn request a quote from Lending Expert.
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How to get a secured loan for self employed & FAQ’s

Being self employed simply means that you are required to provde your income a little differently compare to an employed person. Our brokers are experts at arranging loans for the self employed, contract workers and those with irregular income. Bad credit applicants also considered with a wide range of lenders.
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How to get a Buy to Let Mortgage with bad credit

If you’re a landlord and wish to finance or remortgage an existing buy to let mortgage with bad credit issues then we can help. We have acess to specialist lenders who borrow to non standard customers and those with bad credit issues. Loans for unemployed, without proof of income and non standard construction properties.
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FAQ's

What is required for a secured loan?

In order to be eligible for a secured loan, you need something of value that can be used as collateral if you default on the loan. Assets that may be used for a secured loan include a property, vehicle, money in a savings account, a certificate of deposit or something else of high value. You will also need to provide documents to the lender, such as proof of ID and documents relating to the assets you are using as security. Some lenders may also require you to have a good credit score.

Can I get a loan secured against my house?

Yes, this is often known as a homeowner loan. You can use your property as collateral for a loan. However, if you fail to keep up repayments, then your home could be repossessed by the lender. Another option is to get a second mortgage. However, a secured loan is usually quicker to process and easier to apply for. Typically you end up paying less in interest for a secured loan than a second mortgage in the long term.

How quickly can I get a secured loan?

The length of time it takes to receive funds after applying for a secured loan will vary between lenders. However, typically, it can take between three to six weeks in total. This is because the lender will need documents to ensure the collateral has value and is the legal property of the borrower. A personal loan, on the other hand, is often quicker to process but acceptance is less likely.

How does a secured loan work?

A secured loan is where the borrower puts forward a high-value asset as collateral for the loan. The lender can then put a second charge of the asset, meaning they legally own the asset and can sell the asset if the borrower defaults on the loan. For example, if the borrower uses their car or house for collateral, the borrower can still use their asset. However, if they fail to repay the loan, the lender can seize the asset, and it is now in legal possession of the lender. If you apply for a secured loan, be aware that your assets may be at risk.

Can you get a secured loan with bad credit?

If you have sufficient assets (such as a car or home or high-value item) that can be used as collateral, then you are eligible for a secured loan. Even if you have bad credit, as long as you have collateral, you are likely to be approved for the loan. Secured loans can be useful to help build a bad credit score and establish a credit history. Lenders will see you as less of a risk because you have put collateral in place in case you default on the loan and cannot pay it back.

Is a secured loan a good idea?

If you have a high-value asset available, then a secured loan can be a good financial option. A secured loan can help to build your credit history and improve your credit score if you make all of the repayments on time. Because of the collateral in the loan, the interest rates on a secured loan are generally lower than other types of loans, and they are suitable for those with bad credit too. However, if you fail to make repayments or default on the loan, then your asset (such as your home or car) may be at risk and could be repossessed by the lender.

What is secured loan example?

Usually, a secured loan will use a vehicle or property for the collateral. This means that the lender can repossess your car or home if you fail to make the repayments on your loan. Other assets that you may be able to use as collateral in a secured loan include jewellery, savings in the bank or a title or deed for a high-value item.

Are secured loans easier to get?

As you are using an asset, such as your home or vehicle, as collateral for a secured loan, lenders will see you as less of a risk. As a result, secured loans are easier to be accepted for than an unsecured personal loan. As the risk is lower, individuals with a poor credit history or limited credit history as also more likely to be accepted for a secured loan compared to an unsecured loan.

Can you pay off a secured loan early?

It is usually possible to pay a secured loan off early. It will depend on the lender, but some lenders will charge a penalty or early-payment fee if you want to repay your loan back early. Some lenders, however, will offer you a discount if you pay your loan back early. It is always best the check with the lender what your options for repaying the loan back early are before taking out the secured loan.

What happens when you default on a secured loan?

If you fail to make the repayments or fail to abide by the rules in your loan contract, then you are defaulting on your loan. Unless you can work out a resolution or agreement with the lender, then the lender will try to secure a court judgement. If this is successful, the lender will be able to seize the collateral and liquidate it. This means the borrower will lose their asset, whether this is a house, car or another valuable item.

Can a secured loan be written off?

It is unlikely that a lender will be willing to write off a secured loan as they have a legal right to take possession of your collateral if you default on the loan or break the loan contract. Therefore, it’s more likely that a lender will seize your assets rather than writing off a loan. If you are defaulting on a loan, then you should speak to the lender to come up with a solution. It may also help to talk to a debt charity too.

Do you need to use a broker for a secured loan?

You can speak to lenders directly for a secured loan. However, it can often help to talk to an independent broker as they will be able to talk through the options available based on your individual circumstances. An independent broker can search through the market and may have advantageous rates with some lenders which a borrower would not be able to access themselves. A broker can also submit your application on your behalf, which can save you time and stress.

Can you sell a house with a secured loan on it?

In most secured loan contracts, it will state that you will not be able to sell the property while you have a secured loan on it, without the permission of a lender. In some cases, you may be able to convert your secured loan into an unsecured loan when you sell your property, and some lenders will be happy to transfer your secured loan over to your new property. However, the lender is not legally obligated to do this and can stop the sale going through. If you want to sell your property, speak to your lender and find out what your options are.

Does a secured loan affect your mortgage?

A secured loan is a separate loan to your mortgage, so you will have to pay back both loans. It is important to remember that secured loan lenders will prefer homeowners to have much equity as possible. A lender will determine your loan to value ratio by working out how much of your mortgage you have left to pay off. Usually, the best deals are when your loan to value (LTV) ratio is 60% or less. The more equity you have in your home, the more a secured loan lender will be willing to let you borrow. This means there is more of the property that the lender can claim back if you default on your loan.

Can I remortgage with a secured loan?

It is possible to remortgage when you have a secured loan in place. If you remortgage, you may wish to increase the mortgage amount so you can clear your secured loan. This may incur early repayment fees for the loan; however, mortgage repayments are likely to be lower than a secured loan, and you’ll only have one debt to worry about. Alternatively, you may be able to remortgage and keep the secured loan. However, you need to be clear with your mortgage lender that you have another loan in place on the property. A mortgage provider may not accept your application if you have a secured loan in place.

Is it better to remortgage or get a loan?

If you have an improved credit score or are able to receive better interest rates that can lower your monthly repayments, then remortgaging can be a great option. Although the monthly repayments will be cheaper than the repayments on a loan, a mortgage term is longer than a loan, and you will end up paying more for the mortgage in the long run. If you have fixed term with your current mortgage provider, or your credit score has worsened, then it is often best to stick with the same mortgage and take out a separate loan.

Are secured loans cheaper?

As the borrower uses an asset as collateral for a secured loan, lenders will see the loan as less risky. This means the interest rates are often lower and the repayment conditions are typically favourable. However, failing to keep up with the loan repayments will mean that the lender can repossess your assets which could be extremely costly in the long run. Unsecured loans usually have higher interest rates than secured loans.

What is the best way to borrow money for home improvements?

There are several options available for borrowers who want to make home improvements. The most common is a secured loan, or homeowner loan, which uses the property as collateral if you fail the repay the loan. Secured loans often have favourable interest rates. Another option is to remortgage the property to free up the cash for home improvements. This will usually extend the length of your loan. You can also use a personal loan which does not require an asset for collateral but usually has a higher interest rate as a result. Alternatively, a 0% interest credit card can be useful for smaller home improvements; however, after the introductory rate, the interest rates may be very high.

We compare the market so you dont have to

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

We are a credit broker and not a lender.