Secured Loans

When remortgaging or a further advance simply won’t work for you, a secured loan could be the answer to your financial needs.

Key Features

Subject to your personal circumstances, secured loan key features include:

• Rates from 2.6%
• Borrow £5,000 to £2.5m
• LTV up to 95%
• Flexible lending
• Independent from existing mortgage
• Residential, Buy to Let & Commercial property accepted
• All types of credit history considered

• Loan terms from 1 year with low or no early repayment charges

What is a Secured Loan?

The name ‘secured loan’ describes this form of finance perfectly – it is a loan which is secured against your main residence, buy-to-let properties or commercial buildings in second charge behind your main mortgage and does not affect your current mortgage or the rate you maybe on.

Why Use Pure Commercial Finance as Your Secured Loan Broker?

As specialist finance brokers with years of experience, our team of brokers have built up strong relationships with lenders and knowledge of which will suit your financial needs best. We’re known for our expertise in arranging property finance deals, plus, we’ve access to broker-only deals which aren’t available on the high-street.   Representative example: A second charge mortgage of £25,000 over 25 years would require 24 payments of £130.37 and 276 payments of £137.04. This is based on an initial discounted rate for 2 years at 3.74% Variable and then the Lender’s Standard Variable Rate, currently 4.25%, for the remaining 23 years. This is based on a Loan to Value of 65%. The total amount payable would be £41,071.92 (mortgage including a £350 lender fee, plus £15,566.59 interest, £35 funds transfer fee and a £120 security release fee). The overall cost for comparison is 4.4% APRC representative.