A secured loan is one where the borrower has
an asset (usually their home) which can be used as a form of security to guarantee the loan. In other words,
the asset can be seized by the lender in the event that the borrower
fails to keep up repayments on the loan.
Secured loans are normally only available to homeowners. They tend to have lower rates of interest than unsecured
personal loans as, from the lender’s point of view, there is less risk involved.
An unsecured personal loan is a loan for
which there is no security offered by the borrower. This means they are available to non-homeowners, such as tenants in rented accommodation
or people who are living with parents.
To request a no-obligation quote for a secured loan or an unsecured loan, please click here.
This website is provided as an independent marketing website. We are neither a mortgage lender nor an independent financial adviser and, as such, are unable to offer financial advice.
Enquiries generated via this website are passed on to independent financial advisers and mortgage brokers.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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SN Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference number 231014.
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