What is a secured loan?

Secured loans enable homeowners to borrow capital against the value of their property. This means that you are effectively using your property to guarantee the loan. If you cannot keep up with the repayments, your home is at risk.

However, secured loans have a range of distinct benefits over other types of borrowing. Because of the lower risk to the loan provider, they pass on reduced interest rates to property owners. However, they’ve got more to offer than just attractive Annual Percentage Rates. Today secured loans come with all sorts of flexible repayment terms that will make it easier for you to repay, so it’s important to read the small print. Clauses to keep an eye out for include: ‘payment holidays' whereby you can halt repayments for an agreed period of time, and favourable redemption charges - so you won't be penalised if you want to pay the loan back early.

Secured loans are usually spread over a much greater timeframe than Unsecured Loans, which means that you’ve got a better chance of negotiating with the lender if you default on the odd repayment. Long repayment terms of up to 25-30 years also mean that it's easier to keep track of your finances, so you know where you stand for the duration of the term. With property as security you'll be able to secure a much larger loan, as loans offered to secured borrowers are calculated according to their property value.

UK secured loans

If you’re looking for UK secured loans, CCC Financial can help. If you are a home owner, are in full-time employment or are self-employed with or without accounts, we can provide UK secured loans for you.

Find out more about UK secured loans from CCC Financial.

At CCC Financial, we make sure you get the credit you deserve, whether you are looking for UK secured loans or Unsecured Loans. If you have a crystal clear credit rating or have had a few problems in the past, or even if you have had major credit problems and cannot get credit anywhere else, give us a try.

Even if you believe you have little or no equity in your home, contact us and find out what we might be able to do for you. Once all the documentation is received and processed, a cheque is normally despatched within 3 working days.

To find out more information about UK secured loans, or any of our services, email: info@cccfinancial.co.uk, telephone: 0500 46 06 06 24 Hours a day. Every day!, fax : 028 9182 0050 or write to:

CCC Financial
P O Box 136
Newtownards
BT23 7HF

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