Secured Loans

Lothian Mortgage Services can advise you on a range of secured loans for home improvement, buying a second property, debt consolidation and more.

What is a Secured Loan?

As well as our wide range of mortgage services, Lothian Mortgage Services can also offer a wide range of secured loan options.

We can offer secured loans for a wide range of purposes, such as home improvement loans, business purchase loans, debt consolidation loans or any other purpose.

Why Choose a Secured Loan?

In essence, secured loans (or homeowner loans as they are sometimes referred to) work in the same principal to a mortgage.  The loan itself is secured against a property (or the equity of a property that is mortgaged), which means that the lenders are prepared to offer larger sums of money for more competitive rates on secured loans.

As with any security, failure to repay the loan could put your home at risk, however there are many clear benefits to secured loans:

  • They are easier to obtain - often with less strict credit scoring than with unsecured loans from the same lender.
  • They are cheaper - the rates offered on secured loans are almost always lower than those on unsecured loans from the same lender.
  • You can borrow higher amounts - generally, the maximum unsecured loan from most lenders would be around £25,000. With a secured loans, this can be as high as the lender feels is appropriate for the equity in your property (subject to affordability).
  • Secured loans can also be taken over longer periods of time than an unsecured loan - this keeps the monthly repayment amount lower again.

As with mortgages, there are a wide range of secured loan options to suit individual circumstances, so contact us today and we will be more than happy to discuss them with you.

Secured Loan Advice that you can trust!

We aim to give you the confidence that you are dealing with a firm that you can trust from the initial consultation, right through to completion of your loan.  As a fully Financial Conduct Authority (FCA) approved and accredited firm, you know that the loan advice you receive from Lothian Mortgage Services is impartial and in your best interests.

We are directly responsible to the FCA and do not work for a network of companies with a vested interest in selling you a particular loan.  We are independent of finance houses and banks, and happy to provide home consultations throughout Edinburgh, Bathgate, Livingston, Glasgow and Central Scotland.

Call Lothian Mortgage Services today .

Contact Us

For more assistance with obtaining a secured loan, on 0131 212 5006 or contact us using the enquiry form at Lothian Mortgage Services today!