Secured Loans or Second Charge Loans

A secured loan (or second mortgage) is a way of borrowing using a property (often a home) as security. Around 20 lenders offer secured loans in the UK & are often referred to as “specialist lenders”. They are able to offer flexible underwriting terms & can usually help those who have been turned down elsewhere.

Your home is at risk if you fail to make repayments on a loan secured on it.

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