Secured Loans have become very popular in a period of low interest rates. Many people who have a low fixed rate or low tracker rate on there mortage obviously are reluctant to lose it. One of the best options is to keep the mortgage with the good rate and take out further borrowing using a secured loan. These are not expensive with rates starting from as low as 3.75% and can be used for any legal purpose with repayments spread over a period of time keeping the monthly cost down. Some of the reasons people prefer a secured loan are:
All of the above is subject to affordability and status.
Westexe Mortgages have access to all the secured loan lenders and are here to help you choose if this is the correct and best option for you. Please contact us on 01392 216 344. 24/7
Your home may be repossessed if you do not keep up repayments on your mortgage or any loan secured on your property