- No broker fee
- Free automated valuation with no in-person visit
- No hard credit searches
- No early repayment charges
- Does not impact your existing mortgage
- No lender fee
- 8.34% fixed for life
- Broad tolerance of a poor credit history
- Loan-to-value 90%
- Fast online application with an online decision
- Direct Lender
- Up to one payment holiday a year – 10 working days’ notice required
The relative security of a secured loan means lenders offer them with an open hand.
Inspired Loans also has a wide range of deals for borrowers looking for secured loans.
A secured loan is sanctioned against collateral. Collateral is any asset of value.
So What Can You Borrow Against with no-broker-fee secured loans?
Using collateral significantly reduces the risk involved in offering a secured loan. Since you know you will lose the asset if you default on payments, you tend to make your payments on time. Lenders reward timely payments with attractive secured loan terms.
You are advanced a certain sum against the collateral. This sum is your secured loan. The collateral will be evaluated to determine the amount to be lent. Inspired Loans arranges secured loan deals through lenders who offer the highest compensation for collateral.
Some borrowers can secure up to 125% of the collateral’s value. The average equity conversion for a secured loan starts at 80%.
What About Adverse Or Poor Credit?
The high value of a secured loan applies to borrowers with bad credit as well. Borrowers are considered to have bad credit if they have experienced County Court Judgments, Individual Voluntary Arrangements, or bankruptcy.
These are sufficient reasons for any lender to refuse services to such borrowers. However, Inspired Loans can arrange secured loans despite bad credit, and the secured loan deals are just as competitive.
Inspired Loans can help arrange secured loans at the cheaper rates available in the UK. Lower-rate secured loans are usually promised by several lenders, but only Inspired Loans, with its extensive network of lenders, can find truly lower-rate secured loans.
With the simple application form below, you can access some of the best secured loan deals available.