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Mortgage Route Secured Loans Section

Are you looking for a secured loan? The look no further here at Mortgage Route we are proud to be introducers to Faster Finance LTD, who specialise in secured and unsecured loans.


A secured loan, also known as second charge, is a loan that is secured on a property. In the case of a second charge it is a debt that is secured after a first charge and the first charge being a mortgage. You will rarely, if ever, find a secured loan secured on a property on its own as it will normally be behind a first charge or mortgage with an ordinary mortgage lender.

Due to the fact that these loans are indeed secured they are generally taken out for longer periods of time then personal loans and as such they are also taken normally for greater amounts of money.

That said you can borrow virtually any amount on a secured loan subject to the value of your property but you are normally recommended not to borrow much less than about 5,000 as it is more cost effective to arrange this amount on a shorter personal loan. This is due mainly to the fact that as a secured loan is over a longer period of time it would eventually cost prohibitively more in interest payments even though the monthly interest may be less than that charged on the personal loan.

Owing to the fact that the loan is secured on property the lender has security should the borrower ever defaults. The lender in extreme circumstances is perfectly within their rights to reposes the property to recover their debt. This is why you will see text at the bottom of advertisements about secured loans that reads WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME.

As this is the case lenders are more inclined to lend on slightly higher risks such as people with previous arrears county court judgments CCJs and other credit problems such as defaults even discharged bankrupts. That said lenders offset this greater risk by charging the borrower higher rates of interest.

So as long as we haven't talked you out of wanting a secured loan our system is simple all we do is take your details and get our partner company Faster finance to source a loan for you from the whole market place this saves you having to shop around to get best deal.

Remember If you do have credit problems such as arrears CCJ's or defaults that make finding an affordable loan difficult you may find people that will lend to you but how do you know that it is the best deal for you out there, well here at Mortgage Route with the help of Faster Finance you shouldn't have to worry about that because we are always trying to ensure you do indeed get the best deal on your secured loan.

Anyway for more help please complete the form below

Title
First Name
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Date of birth
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Contact number
Purpose of loan
Value of property
Amount of loan required
Current mortgage balance
Employment status
Have you had any credit problems
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All loans are subject to status, written quotations are available on request. Faster Finance also offer a range of plans where rates may differ from 7.3% APR variable to 29.9%APR variable according to your circumstances. However most of their clients qualify for a typical APR of 12.9% APR variable

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME.

WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME.


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