Secured Loans Facts
- By nature, a mortgage loan is always a secured loan. The mortgage property acts as a collateral against the loan raised.
- Normally, loans against major purchases, like house property, industrial premises, or other immovable property, are secured loans. These are secured by either the newly purchased property or some other property of the borrower.
- A piece of property deposited as collateral for a secured loan cannot be re-mortgaged to raise another loan, unless it is released from the earlier mortgage. However, if originally, a portion of mortgaged house was explicitly kept out the purview of mortgage, it can be deposited as collateral to raise a valid secured loan.
- Normally, no punitive fee is charged unlike a standard remortgage.
- The amount of secured loan can be used for any legal purposes, like home improvements, car purchase, consolidation of other debts, take a dream holiday, start a new business etc.
Why Choose Us?
- We ONLY deal in secured loans.
- We also offer adverse credit secured loans at lower interest rates.
- Free no-obligation quote for all the clients.
- We provide expert services without any hassles and without any wait!
- We are FSA-regulated lenders and adopt ethical business practices in all our dealings.
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