Secured low cost loans are much easier to obtain as they use the security of your residential property as a guarantee of payment and for this reason the loans can also be much larger and over longer periods than unsecured loans.

Secured home owner loans are available in varying amounts and for many different purposes, including debt consolidation. The amount available ranges from £3,000 to £75,000, although some lenders may consider lending up to £100,000. The amount borrowed is repaid monthly over a term agreed at the outset, which will usually range between three years and twenty five years. You may be charged a penalty if you repay your loan earlier than agreed, and you should confirm each lender's individual policy with regards to this.

We offer market leading rates with low APR's and a written offer will be issued before any decision is made. The service is totally free and you are under no obligation to proceed. More information and guides can be found at the Personal Loans Centre

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Unsecured loans are offered by lending institutions such as banks and building societies and are so called because the lender requires no security for the debt. They are generally not available for speculative purposes, commercial or business purposes. Depending on the lender some other purposes may also be excluded, for example the purchase of timeshare property.

A fixed interest rate will stay the same throughout the term, regardless of any changes in the Bank of England base rate. This means your monthly repayments should always stay about the same, allowing you to budget accurately.

A variable interest rate may rise and fall in line with any changes to the Bank of England base rate. This could result in your monthly repayments changing several times during the term.

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