Secured Loan FAQ

To be eligible for a secured loan, you usually need to meet the following criteria:

• Be a homeowner with equity in your property
• Be aged 21 or over
• Have a stable income from employment, self-employment, or pension
• Pass an affordability check to show you can repay the loan
• Use the funds for an acceptable purpose, such as home improvements or debt consolidation

Some lenders will also consider applicants with adverse credit, depending on the overall strength of the application and the available equity.

Secured loans are generally easier to get approved for than unsecured loans, especially if you have a strong equity position and a clear repayment plan.

Approval depends on:

• Your credit history
• The amount of equity in your property
• Your income and affordability
• The loan size and term
• The purpose of the loan

Even if your credit is less than perfect, there are lenders who specialise in flexible underwriting. We can assess your circumstances and match you with lenders who are more likely to say yes.

The amount you can borrow will depend on:

• Your property's value and current mortgage balance
• Your income and monthly outgoings
• The lender’s maximum loan-to-value (LTV) ratio
• Your credit profile and repayment history

Most lenders allow borrowing from £10,000 to over £500,000, with some going into the millions for high-net-worth clients or landlords. A typical range is 70 to 85 percent of your property's value, minus any existing mortgage.

We will calculate your borrowing capacity and provide a clear breakdown of repayments and total costs.

The timeline can vary depending on the complexity of your case and how quickly documents are provided. In general:

• A basic secured loan can be completed within 5 to 10 working days.
• More complex applications may take 2 to 3 weeks.
• Urgent cases may be fast-tracked if required.

We will handle the entire process for you, including valuations, lender liaison, and legal paperwork. Our goal is always to keep things moving quickly and efficiently.