Raising funds using a secured loan

Have you woken up with a bit of a financial hangover lately? Perhaps you’ve got big plans for the year ahead and want a cash injection to fund those plans, or maybe you need a new car or home appliance? Well, whatever your reasons for needing a loan, you can now snap one up for the cheapest ever rate.

There is a great choice of secured loans available these days but do be very careful as a lot of the unsecured deals carry heavy interest rates. Secured lending (second charge) can be very cost effective indeed with record low interest rates currently on offer. They are relatively easy to apply for and funds can be released much quicker than a traditional re-mortgage.

Lowest loan rate on record

This is the lowest that secured lending rates have fallen, which will delight borrowers looking to consolidate their debts. It has come at a particularly difficult time of year for those who may be stressed over their finances and spending too much over Christmas perhaps – paying off an expensive overdraft or credit card should become a priority, so these low rates are likely to attract many consumers.

It’s worth pointing out that these record-low rate second charge loans are unlikely to be around much longer as experts are predicting general rate rises all round due to Brexit. So if you are looking to raise funds it could be a good idea to act sooner rather than later.

Can we help?

If you are looking to raise funds and require help please do contact one of our independent advisers and they will be pleased to guide you.