UK Secured Loans

Do you need a personal loan fast? DBS Finance might be the route to take. Secured loans UK are personal loans that require the borrower to provide lenders with some form of security, usually in the form of property. In order to obtain a loan, the property used as security can be either mortgaged or owned by the borrower outright. If the property is owned outright, this is referred to as first charge. If the property to be used to secure the loan is mortgaged, then it is referred to as second charge.

It is generally easier to obtain secured loans UK than unsecured loans because of the property held against the loan. This security alleviates much of the risk associated with lending, freeing the lender up to more readily approve secured loans UK. This can also mean that it is easier for a person who is self-employed or who recently changed employers to obtain secured loans UK. It also makes it easier for people who might have adverse credit to obtain the secured loans UK as well.

These loans can be used for just about any purpose, including debt consolidation, and there are usually less requirements when obtaining secured loans UK rather than unsecured loans. Borrowers can use them to make improvements to the home, to purchase a new car or simply as a loan for a holiday. The amount available for secured loans UK depends on the borrower's circumstance, including adverse credit, the borrower's ability to repay the loan and how much equity the borrower has in their mortgaged property. Generally speaking, borrowers can receive up to 125% of the value of their property.

All these factors will also affect the secured loans UK 's APR or Annual Percentage Rate. The APR quoted should be used as a guide only, as the actual APR will be assessed on an individual basis. It is advisable to compare a number of APR quotes in order to get the best offer. The amount of the secured loan can range anywhere from £5,000 to £100,000, although figures of up to £200,000 are not uncommon. These loans are useful for obtaining larger amounts or longer repayment terms.

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DBS Finance were great. I’m so glad I chose them. all my money problems were solved. They were patient and understanding in what was a very stressful situation. Thank you for such great service! Mr & Mrs D - Northampton

IMPORTANT NOTE: Rates Subject to status. Loans secured on property. Written quotations upon request. Typical rate between 5.59% and 14.3% APR dependent on status. Loans between £5,000 and £200,000 available. Current Max LTV 85% THINK CAREFULLY BEFORE SECURING OTHER DEBTS / LOANS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT / LOAN SECURED ON IT.