FAQs
- What is the lowest rate APR I can get on my secured loan?
- This is entirely down to your personal financial circumstances and market conditions. UK secured loans are tied to the Bank of England Base Rate which (November 2006) is 5.0%. LoanFinders work with loan brokers who aim to find you the lowest APR they can offer.
- What is the difference between secured and unsecured loans?
- Secured loans are secured against property. Unsecured loans are not secured against a property. Secured loans are tailored to homeowners, so are often called “homeowner loans”. Similarly, unsecured loans are often taken up by tenants or renters and so are sometimes called “tenant loans”
- What can I use a secured loan for?
- Anything you want. Debt consolidation, a new car, for home improvements, to pay off credit cards, to go on holiday or to pay legal fees – what you use your money for is entirely up to you!
- Who is eligible for a secured loan?
- In general secured loans are for homeowners who already have a mortgage. Secured loans are further advance loans usually offered as a “second charge” on top of your mortgage. Secured loans are sometimes offered to people who own other property such as an office, a retail premise or a warehouse.
- Where can I get secured loan advice?
- LoanFinders always recommend that you speak to an Independent Financial Adviser (IFA) in your area if you require detailed information about secured loans. Unfortunately LoanFinders are not authorized to give financial advice.
quick, easy and safe
- We search 100s of plans to find the lowest rate
- No fees and no obligations
- Simple 2 minute application
- 100% secure and confidential
- Lowest rates for homeowners
why use us?
- “LoanFinders found me the best APR for my circumstance in no time at all”
Amy, Swindon
- “We were baffled by loans until LoanFinders took all the hassle away!”
Mike and Debbie, London
- “Loanfinders gave us the most competitive quote we had received”
Mark and Rachel, Manchester
- “I saved 100s every month by switching to the deal LoanFinders found me”
Barry, Coventry
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
LoanFinders is operated by GPAK Ltd, who have a credit licence under the Consumer Credit Act 1974, number 604735. Our company registration number is 04338971; our registered office is GPAK Ltd., Carmelite, 50 Victoria Embankment, Blackfriars, London EC4Y 0LS.
