Secured Loan
The Mortgage Shop specialise in the residential secured loan marketplace. We offer an excellent service and are actively recommended by our lenders .
Our lenders offer numerous specialist schemes that can accommodate issues such as CCJs, debt and poor credit. We currently have schemes available for;
- High LTV and negative equity schemes
- Unlimited adverse credit
- Negative equity schemes
- Self-certification for employed
- Self-certification for self employed
Secured loans can be arranged for many different purposes;
- Debt consolidation
- Home improvement
- Car purchase
- Holiday
- Deposit raising
We can generally process loans to completion within 3-4 weeks.
The information below will help you decide why to choose a secured loan:
Besides the lucrative financial rewards available by offering secured loans, there are many circumstances when a secured loan is a more suitable option for your client than a further advance, re-mortgage or an unsecured loan - and additionally will further help you to meet the "best advice" requirement under the FSA regulation to cater for those clients that:
· Have high mortgage redemption penalties if re-mortgage to a new lender
· Are with a Prime 1 st mortgage lender and have encountered recent adverse credit - Instead of re-mortgaging to an adverse lender, a secured loan is the viable alternative.
· When funds are required quickly
· Require restrictive use of funds - any legal loan purpose considered
· Funding is required for a short period
· High LTV lending - upto 125% LTV |
