Secured Loan Information
What is a Secured Loan, and how could it help me?
If you own your own home, and have any equity on it, then you are probably eligible
to take out a Secured Loan or Home Loan, as they are often known. A modern secured
loan can be a quick and easy way to release the capital tied up in your home. The
arrangement is usually much simpler, and less intrusive than taking out a mortgage,
and can also be a good deal quicker. We have clients who have went from application
to being paid out the money in less than a fortnight.
One of the reasons loans companies can do this is that in the majority of cases they can use title insurance. What this means is that if you remember back to when you purchased your house, the solicitor had to apply to the land registry for searches to be done to confirm that the person selling the property actually owned it. Because you have already had this done once however, and your bank or building society has given you a mortgage on the property, a secured loan company just assumes the property title is OK, otherwise you couldn't have gotten a mortgage on it.
All they have to do then is to take out a simple insurance policy to protect them and you against any title problems which might have been overlooked by your solicitor, or lender and the loan can go ahead on that basis, saving you waiting 2 to 6 weeks of waiting while search forms are processed.
Modern secured loans also don't suffer from the large redemption which mortgages can in any discount or fixed rate periods, and can be paid off at any time with the payment of just 1 months interest, and depending upon your personal circumstances they can be arranged for up to 95% of the value of your property.
To find out if you are eligible for a secured loan and take advantage of our fantastically low rates, Just click on the quote button below, to get your personal, free, no commitment quote, let our system check through our extensive panel of loan providers, and see how cheap one of our loans can be.
