Secured loan brokers - Advice, information and secured loan guides by secured loan brokers. Find secured loan
guides on how to reverse repossession of your home from secured loan brokers. Find
advice, information and guides from specialist secured loan brokers on secured loans for
the self employed,
avoiding bankruptcy,
avoiding repossession,
suspended repossession,
reversing repossession,
discharged bankrupts,
IVA secured loans, secured loans with CCJ's, advice on
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and bad credit secured loans, guides on self employed secured loans, secured loans with
county court judgements and solutions for poor credit secured loans through
specialist secured loan brokers.
The UK has a multitude of different secured loan lenders, offering a vast array
of different secured loan and homeowner loan products.
This means that finding the best secured loan can be a difficult and
time-consuming job. And if you make the wrong choice, it could cost you dearly.
A full range of secured loan and secured loan products is available, including secured loans for people with credit problems.
The Divadani Loans website can help you find a specialist
secured loan broker who will try to find you the most appropriate secured loan deal. This could
potentially save you thousands of pounds over the term of your secured loan.
Secured loan brokers can arrange secured loans from a
wide range of different secured loan lenders, rather than being tied to offering the
secured loans of just one bank or building society. A secured loan broker has access to a range of
different secured loan products and can search through lots of different lenders and
secured loan deals to find the best secured loan for your particular
circumstances.
People take out secured loans for all sorts of different reasons. For example:
You might be wanting to fulfil one of life's normal ambitions, like putting the kids through college or paying for a wedding.
You might want to realise a dream, such as visiting family in Australia.
You might have a sudden emergency to cope with - for example, having a nice new job but no transport unless you can borrow money to buy a car.
You might be facing a crisis situation, such as repossession of your home.
A number of secured loan schemes are only available through specialist
secured loan brokers, so if you want to get the best possible secured loan deal
just complete our enquiry form and we will put you in contact with a professional and experienced
secured loan broker.
SECURED LOAN GLOSSARY
Arrangement Fee
A fee which is sometimes payable to the secured loan lender when you opt for a special deal, such as a capped, discounted, or fixed rate secured loan.
Base Rate Tracker Loan
See Tracker Secured Loan.
Capital & Interest Loan
See Repayment Loan.
Capped Rate Secured Loan
A secured loan where the interest rate is capped at a certain level for a set number of years. The interest rate can go up and down, but is
guaranteed not to exceed this level during the capped rate period.
Cashback Secured Loan
A secured loan which gives you a cash lump sum on completion.
Discounted Rate Secured Loan
A secured loan where you get a discount on the interest rate during the initial special offer period.
Early Repayment Penalty
See Redemption Penalties.
Fixed Rate Secured Loan
During the fixed rate period, the interest rate on this type of secured loan stays the same, regardless of changes in the Bank of
England base rate. This means your monthly secured loan repayments are the same each month even if interest rates go up or down.
Flexible Secured Loan
A flexible secured loan allows you to make overpayments and take payment holidays. These can be especially attractive
for self-employed borrowers whose income may fluctuate throughout the year.
Redemption Penalties
If you repay your secured loan early, or switch lenders, whilst on a special secured loan deal, you may have to pay a redemption penalty to the secured loan lender.
Repayment Secured Loan
With a repayment secured loan, part of the amount you pay each month covers the interest on the loan and part goes towards repaying the secured loan capital.
Standard Variable Rate secured loan
The interest rate on a standard variable rate (SVR) secured loan can go up or down during the course of the loan. Sometimes, the rate will remain unchanged for months at a time, but at other times it may fluctuate from one month to the next. The SVR charged by secured loan lenders is determined mainly by the Bank of England base rate, which is reviewed once a month. When the Bank of England changes the Base Rate, secured loan lenders will usually (but not always) adjust their SVR up or down accordingly.
Tracker Secured Loan
When you have a tracker secured loan (also known as a base rate tracker secured loan) the interest rate is guaranteed to move up and down in line with the Bank of England base rate. Consequently, it will always be a set number of percentage points above (or sometimes below) the Bank of England's base rate.
