For a number of reasons and in certain circumstances, a secured loan can be considered a more suitable option for raising money than by re-mortgaging. We can assist clients looking to raise additional capital via secured loans.
A secured loan is a loan in which the borrower pledges against a property already owned as collateral for the loan, which then becomes a secured debt against that property. The loan will be in addition to the first charge and sit behind that charge.
Secured loans. Unsecured loans and most Secured are not regulated by the FCA.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.