Secured Loans Our initial meetings are free without obligation . Once you decide to proceed with an application we charge a broker fee of £250 on a successful mortgage application. The only time when a different Broker fee of £400 would apply is if there was adverse credit, such as county court judgements iva's, etc.to reflect the additional work needs to be carried out.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A secured loan or second charge is finance borrowed in addition to a pre-existing mortgage. Secured loans are only available to homeowners and work in the same way as a mortgage, with the credit placed against the value of the property.
Although there are some similarities between a secured loan and a mortgage, the two products are completely separate.
A secured loan is a different product to a further advance on an existing mortgage that you may have. One reason someone may take out this type of loan is they may have a low rate mortgage and rather than to lose that particular deal it may be best to take out additional lending on this basis and to retain their existing mortgage also. If the lender would not allow a further advance sometimes due to loan to value limits a secured loan might be an alternative option. We can refer you to our panel of lenders for secured loans. Interest rates for these types of loans are generally higher than conventional mortgage rates.
Secured Loans are referred to a third party. "Neither Mortgage Search or PRIMIS Mortgage Network are responsible for the advice received"
Ian Howarth trading as Mortgage Search is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS
AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.