Bad Credit Shouldn’t Mean Bad Service
One of the cheapest and most flexible ways of borrowing money is to secure the loan against your home. If you need to borrow more money than is typically offered by unsecured lenders, a second mortgage or secured loan is the most cost-effective option.
We have lenders that offer rates very close to those provided by the big banks.
Compare Secured Loan Lenders, Rates & Repayments. Quick, Simple & Clear Homeowner Loans
(Poor Credit OK) We Search UK Lenders For Cheapest Secured Loans, Typical 3.9% APR
Some Positive Aspects Of Secured Finance
- Lengthy repayment timeframes, so this type of loan can have a duration of ten years or more
This allows you ample time to repay the debt owed. However, please remember that the more time you take to pay back the loan, the more interest you will have to
cover in the long term.
- Rates can be comparatively low
The interest rates for second charge loans can be quite low.
At the moment, there are competitive deals available at around 8.6%. These are definitely a much better option than either payday or guarantor loans.
Are Secured Loans Worth Considering?
Second charge finance is available to individuals who have been turned down for an unsecured loan. They are a great way of improving your credit score. Banks approve of them as
there is less uncertainty for them to take on.
What is a secured loan supported by?
A secured loan is a type of finance where the person guarantees something they own of significant value such as a vehicle or their home. This forms the collateral of the loan,
which then becomes a secured debt repayable to the creditor who issued the finance.
Benefits Of DCL Loans Service:
- Enables you to release equity while keeping your existing mortgage lender
- Likely cheaper than re-mortgage
- Loan to value ratios often more favourable
- Secured finance usually completes quickly
- Flexible proofs of income
- In many cases, your credit score is relatively unimportant
Acceptable Purposes Of Loan:
- Debt Consolidation
- Home Improvements
- Purchase of car, motorhome or commercial vehicle
- Private medical costs
- Buying an additional property/investment property
- School Fees
DCL Lending Panel Includes:
- Clearly Loans
- Spring Finance
- 1st Stop Home Loans
- Evolution Money
- Norton Finance
- United Trust Bank
- Prestige Finance
- Central Trust