Brightstar offer the UK’s Cheapest Secured Loan Rate of 5.592% PA

More Importantly we keep our Broker Fee’s low to keep your APR Low

Secured loans are an established part of the mortgage lending market and they can provide additional funds for clients looking to raise additional capital.

The security for secured loans is the borrower’s existing property, and the loan is made in addition to the first charge mortgage loan with which the borrower purchased or remortgaged the property.

Typically, a secured loan can be considered more suitable than raising money by re-mortgaging if one or more of the following circumstances apply:

• The borrower is subject to high early redemption charges on their existing mortgage loan
• The borrower has an attractive rate on their existing loan that they do not wish to sacrifice
• The borrower has acquired some adverse credit history since taking out their main mortgage and is unable to find a re-mortgage deal. Alternatively, if such a deal can be found, it may be a cheaper option to borrow the additional sum as a secured loan than to re-mortgage to raise the whole amount
• The borrower wants to keep the new loan separate from their main mortgage
• The borrower wants to pay off the secured loan much sooner than the main mortgage
• The borrower wants to receive the advance sooner than a standard re-mortgage could deliver it

Secured loans are used for many purposes, including:

• Paying for a wedding
• Paying school/university fees
• Buying a new car
• Taking the holiday of a lifetime
• Cosmetic surgery
• Building an extension to the borrower’s residential property
• New kitchen/ bathroom
• Debt consolidation
• Most other legal purposes (e.g. raising a deposit to purchase an investment property)

To discuss your secured loan enquiry, please call us on 01277 725166 option 2

All applications can be faxed back to us on 01277 725378 or emailed to secured@brightstarfinancial.net