Secured Loans
Some Useful Features of Secured Loans
- Quick decisions
- Quick completions
- Residential of semi Commercial property
- Bridging Finance for over 65's
- Bankruptcy Reversal
- Repossession Rescue
- Any Legal Purpose
Read more...
There may be occasions when you may wish to raise relatively
small amounts up to £25,000 for a number of good domestic
reasons. For example to change your car, pay for a wedding,
treat yourself to a fantastic holiday - or simply just
consolidate all your credit card balances and other small
loans.
Whilst your domestic property has a value in excess of the
outstanding mortgage it may not be the right time to consider a
remortgage of the property. You may have an existing
discounted or fixed rate mortgage on your property which would
attract a penalty if repaid prematurely.
Another good reason for a secured loan is when a client has
experienced financial difficulties with mortgage arrears or County
Court Judgements. By using a secured loan to repay debts and
bring mortgage / loan payments up to date a client may be
rehabilitated in the long term for future borrowing on normal
status terms.
This is where a secured loan can be helpful as the new lender's
loan is secured on the property behind the present lender without
disturbing the first mortgage.
ACL have created a partnership with YesLoans, a specialist in
the secured loan market. To apply for a secured loan please
contact us or go to Useful Links and
select YesLoans
ACL is authorised by the Financial Services Authority to advise
and arrange regulated mortgage products. We are
independent and have access to a range of reputable lending
companies which specialise in loans secured by second mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON YOUR MORTGAGE
Mortgage Protection Insurance provides cover against
unforeseen eventualities that could affect your ability to maintain
repayments on your mortgage such as death, illness, accident or
unemployment.
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