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Secured Loans Explained


Secured Loans: UK Overview

Secured loans tend to be the cheapest way to borrow. You will find lower interest rates and better terms. You can often borrow more, and negotiate longer repayment periods, if you want.

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Why? Because secured loans are less risky than personal loans for lenders. You have to use a major asset as security, often your house, when you take out a secured loan. If you have a major asset other that your house, consider using that as collateral against the loan.

It is fair to say that secured loans are often a good method of borrowing for homeowners, or those who are rich in assets but not in ready cash.

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Protect your secured loan repayments with insurance

People with secured loans are encouraged to take out insurance to protect payments against hard times. This insurance means that if you lose your job, or are ill or seriously injured so you can’t work, the lender still gets paid and your home is not at risk of being possessed and sold.

Secured Loan Providers:

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Types of Secured Loan Available:



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