marktill@thinkpositive.co.uk

0151 345 9864

Secured Loans

Secured Loans

A secured loan is a second charge placed on your property when sometimes a remortgage may not be available or appropriate. Some reasons for taking a secured loan above a mortgage might be

  • You are on an interest only mortgage and do not want to disturb your existing arrangements 
  • You may have early repayment penalties on your existing mortgage
  • You may need to raise capital for purposes not permitted by a remortgage

 

Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.