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Secured Loans

Borrow money secured against home, flat or property

Borrow from £10,000 to £750,000. Get a free personalised quote.

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What Is a Secured Loan?

A secured loan allows you to borrow money that is “secured” against a property such as your home. The amount you can borrow is based on the value of your property and during the loan term, the lender takes part-ownership of this item until the loan has been paid off.

The most common types of secured loans are mortgages, debt consolidation loans and home improvement loans. Your collateral is at risk and failing to pay on time can lead to the repossession of your property.

You can check rates and get a free quote when you apply with Forces Compare.

Key Features

  • Borrow £10,000 to £750,000.
  • Secured against your property
  • 12 month loans – 15 year loans available.
  • Monthly repayments.
  • Home, flats, residential property (not commercial)
  • Bad credit considered.
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What Are the Eligibility Criteria for a Secured Loan?

  • Over 18 years of age.
  • Full-time UK resident.
  • Employed or self-employed
  • Able to afford monthly repayments.
  • Owner of the property (sole or joint)

Find The Best Secured Loan Deals With Forces Compare

At Forces Compare, we are the best financial comparison site for people in the armed forces – but our products are available for everyone in the UK and the entire nation. Find out more on our loan comparison service by following the link.

We have access to a number of personalised rates and can help you find the best deal across the whole secured lending market. We do not charge any fees for applying and will help you find the right product for you and at the best price.


Secured Loans Against Property

Borrowing against your home is very popular, commonly known as a mortgage. If you would like an additional loan secured against your home, it is known as a second mortgage or ‘second charge mortgage.’

You can borrow against any property (residential only), whether it is your home, flat or bungalow.

The more equity that you have in the property and the more it is worth, the more you can borrow – and this can be much higher amounts ranging from £50,000 to £750,000.

You can get an indicative quote through Forces Compare by simply providing your property’s value and current equity. Most secured property loans can be completed and funded in a matter of weeks.

Types of Secured Loans

  • Debt consolidation loans.
  • Home improvement loans.
  • Mortgages.
  • Second charge mortgages.

Can I Apply With Bad Credit?

Yes, secured loans are often used for people with bad credit. While the success of a mortgage application will usually require you to have a good credit score, there are many secured loans that are designed for adverse credit histories.

Rather than relying on a good credit score, you are able to leverage the value of your property in order to borrow the money you need.

Hence, secured property loans are often used for people with less than perfect credit scores.

Will My Home Be Repossessed?

If you do not keep up with your repayments when you have a secured loan against your home, the lender has the right to repossess the asset in question. This is because your loan is usually funded upfront and you will be able to receive the money and start using it immediately.

However, if the lender is not repaid, they will have to recover their costs and they will be able to do so by repossessing your property and then re-selling it on the open market.

Warning: Late repayment can cause you serious money problems. For help, go to

Do Forces Compare Run a Credit Check?

When you apply with Forces Compare, we will run a soft credit search to confirm your basic details and make us aware of any key information. This will not have any impact to your credit rating or affect your chances of being approved for other financial products.

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