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Partnering with Promise – for massive choice and outstanding service

Secured loans


Secured loans


The team at Promise has over 30 years of experience packaging and arranging secured second charge loans.

Together with our team of underwriters and advisers we offer probably the largest panel of lenders available anywhere in the UK. We don’t cherry pick a small panel of lenders to make our lives easy. We have as many lenders as possible so we do the best job we can for our customers.

If you need full advice or want to talk to an underwriter about the options available, there is someone here with many years of experience to help you.

Complete an online enquiry form and we will get in touch to provide some indicative quotes to consider.

We are very happy to chat to you about your plans and suggest alternative products and ideas so you get the best possible outcome.


Reasons to consider a secured loan

  • Declined for a remortgage
  • Don’t want to change your current mortgage
    • Maybe you are on a great rate
    • Maybe you have to pay a penalty
  • Can’t borrow as much as you want with a remortgage
    • Could be due to affordability
    • Could be due to the equity
    • Could be due to the type of income 

Main selling points for secured loans

  • Borrow up to 110% of the residential property value
  • Complex income scenarios catered for
  • We can lend up to 6 X income (most mortgages cap at 4.5X)
  • BTL and owner occupied houses – different terms
  • Self employed considered after only 12 months
  • Lenders can consider both light and heavy adverse credit history
  • Unusual property constructions accepted – including defective
  • Loans for business purposes.
  • Flexible overdraft type loans – great for property investors
  • Some lenders don’t require consent from the first mortgagee
  • Clients with payday loans, debt management and IVA’s considered

As well as secured loans don’t forget we have in house experts and both mainstream and specialist lenders for residential / buy to let mortgages, commercial mortgages, bridging and development finance.


Remember.

Your bank may have 100’s of products and plans to offer
Promise Money has over 10,000

There really is no need to look elsewhere.

Find a secured loan

Enter some details and we’ll compare thousands of secured loans – this will NOT affect your credit rating.

How much you would like to borrow?

£

Type in the box for larger amounts

For how long?

yrs

Use the slider or type into the box

Do you own property in the UK?

About you...

Your name:

Your forename:

Your surname:

Your email address:

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By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy. All loans and mortgages will be sold by Promise Money. We share up to 35% of any income we earn with the named affilliate on this website.

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.


If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over.