

Tuesday 7 October 2008

Secured Loans

If you have sufficient equity in your home and your income is sufficient, a secured loan on top of your mortgage can sometimes be a more effective solution for raising finance. For instance:

If you want the money immediately - a secured loan can be processed far more quickly than a mortgage.
If you have an excessive redemption payment on your mortgage and are still within the tie-in period.
If a small amount of cash is required (usually in excess of £5000).
If you have adverse credit or mortgage arrears.
If you wish to keep the fees low – no solicitor is required so there are no legal fees.

It will always depend on your particular circumstances, which is why we recommend that you seek our advice first.

Secured loans are not currently regulated by the Financial Services Authority.

Call 0845 402 5209 , email info@assetplus.org or fax 0845 402 5210 NOW

Your home may be repossessed if you do not keep up repayments on your mortgage

The overall cost for comparison is 7.2% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.