A secured loan, also known as a secured homeowner loan, is when money is borrowed against the value in you property. Rates for secured loans are usually lower than unsecured loans, but if you default on payment you could be forced to sell your property to clear your debt.
A secured home loan only applies to homeowners. Homeowners are able to borrow money against the equity in their home.
To obtain more information about a secured home loan today, simply fill in our contact form or call one of our advisers on the phone number above.
Secured loans are regulated by the The Financial Conduct Authority.