01202 802 677Secured loans, also known as homeowner loans, offer a way to borrow larger amounts for less by using your home as equity. So if you are looking to borrow say £25,000, secured loans are definitely worth a look – especially as most of the top personal loan deals are only available on up to £15,000.
Loans of this kind are also a good option for anyone whose low credit score makes it hard for them to get a low-rate personal loan. There are risks involved in borrowing via secured loans, though. You could, for example, lose your home if you fall behind with the repayments, so it is vital to ensure that you do not overstretch yourself
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Secured – Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it