Secured Loans
Steve Holmes IFA will be pleased to arrange competitive unsecured loans, with a number of selected lenders to choose from, we can provide you with appropriate advice and products in a very short time.
Secured loans are loans that use one or more of your assets as security should you be unable to pay the loan amount. This is almost always your property in the same way that your mortgage uses your house as security. Secured loans are different in that they require no up front survey, legal or other fees. Secured loans can be used for any purpose. Often secured loans are used to consolidate debt, for home improvement, new car purchase or indeed anything else you might choose.
Secured loans can offer better interest rates than unsecured loans because of the security provided for the lender and are easier to obtain.
Repayments on secured loans are monthly and over a fixed period of time, usually between three and twenty five years. There may also be early repayment charges on these loans.
