Personal Secured Loans | Harrington Brooks

We all have situations which require funding sometimes unexpectedly. Perhaps you have a wedding to finance, or a new baby on the way who needs not just attention and love, but also a lot of clothes, nappies and food? Or perhaps you just want to spoil yourself and your loved ones with a well deserved holiday to recharge your batteries.

You may not think it is possible, however, it could be with a personal secured loan from Harrington Brooks.

A Personal Secured Loan is just one of a number of options available to the average UK resident. Even if you currently have a bad credit rating, CCJs, rent or mortgage arrears, or other bad debt and have been refused a loan elsewhere, you may qualify for a personal secured loan via Harrington Brooks. The main criteria is that you are a homeowner as this will act as security should you default on any payments.

How do secured loans work?

A personal secured loan is secured against an asset, which is usually your home. While it may take longer to complete the application than most other loan options, it could prove to be a more affordable option for many. The interest rate on this type of loan should be more favourable than other loan options, though it will depend on your credit rating and other factors.

You may benefit from a secured loan if:

  • Your application for an unsecured loan has been declined
  • You would prefer to repay your loan over a longer term
  • You are self employed or have difficulty in proving your income
  • You need a large sum of money

The most important thing to remember about personal secured loan is that you put up an asset, which is normally your home, as security. Should you default on this, you could face loosing this.

Harrington Brooks trained consultants can help you find the best option available. All you need to do is call us today on 0808 131 0040.


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LOANS MAY BE SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

Harrington Brooks Debt Consolidation Loans, Re-mortgages and Equity Release is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd.

Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.

Harrington Brooks commits to maintain the accuracy of all the website advice. But occasionally, rules and regulations regarding the advice given can change and our website may become temporarily out of date. To ensure that you have the best and latest information available, please contact us on 0808 131 0040 and speak to one of our expert advisors.

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