PpcProtect

Loans

As a homeowner you could borrow from £5,000 to £500,000 with a low rate Secured Loan

Secured loans, also known as homeowner loans, are loans secured against your property. Secured loans are ideal if you want to borrow a large amount of money and are usually used to consolidate existing credit or to make home improvements.

Contact one of our specialists today to discuss your specific requirements and we'll find an inspired solution!

Reasons to choose a secured loan?

If you need to borrow a large amount then a secured loan is perfect for this. At Inspired we can lend up to £500,000, dependent on your personal circumstances and credit history.

Secured loans can be used for almost any purpose. The larger loan amounts and longer repayment terms make them a popular choice for home improvements, home extensions and debt consolidation.

Secured loan interest rates are normally lower than an unsecured loan because they’re borrowed over a longer term. Rates can start as low as 4.5% APR. However, rates are subject to status and other financial factors.

To apply for a secured loan, you’ll need:

  • To tell us your residential address(es) for the last three years
  • Your date of birth. You must be over 18 years old
  • your employment details and some financial information

Things You Should Consider

Taking out a secured loan should not be taken lightly as you’re putting your home and other assets at risk if you fail to keep up the repayments.

If you want to pay of your loan early, some lenders may charge you an early repayment fee. However, when looking at the various options available our experienced advisors will look into loans that suit your personal needs.

Secured loans are typically repaid over a longer period ( 5 – 25 years) and while smaller repayments over a longer period may seem attractive, the longer the interest period, the more interest you will pay overall.

Our advisors will work hard to find you the best loan to suit your personal circumstances. They will also be transparent about any fees that apply to your secured loan and what they mean to you, and your future plans.

We are also able to offer unsecured personal loans to our homeowners from £500 to £25,000

Whether it's to fund home improvements, purchase a new car, or consolidate credit and store cards to reduce monthly repayments, our Personal Loans could help you to do this.

To apply for a unsecured personal loan, you’ll need:

  • to tell us your residential address(es) for the last three years
  • your date of birth. You must be over 18 years old
  • your employment details and some financial information

Things you should consider

Although your home is not a risk if you take out a unsecured personal loan, lenders still have the legal right to recover the money if you stop making payments.

If the debt remains unpaid the lenders can arrange to have a CCJ (County court judgement) placed against you. Bayllifs maybe sent to your home to recover goods to the value of the debt to be sold at auction.

If you want to pay of your loan early, some lenders may charge you an early repayment fee. However, when looking at the various options available our experienced advisors will look into loans that suit your personal needs.

Our advisors will work hard to find you the best loan to suit your personal circumstances. They will also be transparent about any fees that apply to your unsecured personal loan and what they mean to you, and your future plans.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY