The right secured loan depends on:

  • How much you want to borrow

  • How long you need to pay it back

  • How much your property is worth*

* Minus any outstanding mortgage balance.

The best way to get the right secured loan is to speak to a qualified broker.

Most lenders only work with brokers rather than offering direct loans to the public and a good broker could help you find a loan that suits your needs.

Before you contact a broker...

You need to know:

  • How much you need to borrow

  • What you are going to spend it on

  • How much your property is worth, as this is normally used as collateral for your loan

  • The outstanding balance of your mortgage, or any other secured loans

Your broker will then take this information and look for a loan on your behalf.

Check the cost

The main costs of a secured loan are:

  • Interest which will be charged throughout your loan. You may be offered a fixed or variable rate so check before you proceed. With a fixed rate the cost and payments stay the same throughout your loan; with a variable rate they may change.

  • Fees which are normally charged at the start of your loan. These can include broker fees, valuation fees and legal fees.

Check the total cost of your loan before you apply, so you know what you will have to pay.

You can use our loan calculator to estimate what your payments could be.

Should you get a secured loan?

A secured loan is directly tied to something you own, normally your property, putting it at risk if you are unable to pay what you owe.

Before you apply, check if you could borrow what you need with an unsecured loan first.

Secured loan FAQs


How much can I borrow with a secured loan?


This will depend on the value of your property and your income, but secured loans can be anywhere between 1,000 and 2.5 million.


Do I have to be a homeowner to a get a secured loan?


The vast majority of secured loans are only available to homeowners, but some will let you secure the loan on other assets, e.g a car.


How long does it take to get a secured loan?


It is normally around two weeks from your application being submitted to the money being transferred to your account.


Do I have to pass a credit check to get a secured loan?


Yes, but some brokers offer a soft search so you can check if you could get the loan before you apply without it appearing on your credit record.


Who will value my property?


The lender will arrange for a valuation from a Chartered surveyor as part of your application, but you will normally have to pay a fee for this.

About our loans comparison


Who do we include in this comparison?


We include secured loans available directly from lenders and through brokers on our panel. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.