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Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders. 100% of costs available with funder profit share.
Commercial Mortgages – Up to 81.5% LTV (100% plus goodwill in some professional sectors). Rates start at 1.85% over base rate. Terms up to 30 years with Interest-Only options
Bridging and Short-term Finance – from 0.4% pcm – Available for Auction Purchases

Secured Loans

Secured Loans

Secured Loans are an established way of raising money for just about any purpose.

Lenders take a second charge over a main residence or buy to let property, and provide a new loan with the existing mortgage staying where it is.

Reasons why a Secured Loan may be suitable include but are not limited to:

  • High early repayment fees on the current mortgage
  • A low rate on the existing mortgage that the borrower wishes to keep
  • Recent credit problems mean remortgaging is not an option. Even if remortgage is possible, a smaller secured loan may still work out cheaper.
  • The borrower simply wants a loan separate from their mortgage
  • The borrower wants to repay the secured loan sooner than the main mortgage
  • The borrower needs funds more quickly than is possible with a full remortgage
  • Remortgage is not possible for other reasons

Secured Loans can be used for most legal purposes including:

Purchasing another property

University fees


Tax bills

Property improvements

Cosmetic surgery

New cars or holidays

Consolidating other debts

Regulation of secured loans has changed significantly for the better over the last 5 years and is now under the FCA’s guidance. The major factor to note for any mortgage adviser or IFA is that the FCA now state when looking for a financial solution for your client that all avenues must be explored and fully documented in order to adhere to current regulatory ruling. This includes quotes for a secured loans and retaining documented evidence of such activities.

In order for our Introducers to comply with these requirements we provide both a quote and a ‘reason why’ letter for their file. We also take responsibility for the advice on which secured loan product is given, and also compliance requirements within the process.

Compliance is our number one priority for secured loans, every call is recorded for compliance and security purposes and each member of our secured loans team receives ongoing training and monitoring in accordance  with FCA guidelines.

Home improvement loans are one of the most common reasons for applying for a secured loan, due to usually being quicker than a remortgage and often cheaper than disturbing the current mortgage.

Amongst other things, HLP arranges Second Charge Loans for:

  • New Kitchens
  • New Bathrooms
  • Extension work
  • General property refurbishment

Several debts which are spread across various lenders e.g. credit cards, unsecured loans, unpaid bills and other finance agreements; a secured loan can help make overall debts more manageable and reduce total monthly commitments.

HLP have access to various Secured Loans which can be used to consolidate many types of credit commitments such as:

  • Unsecured Loans
  • Family Debt
  • Overdrafts
  • Credit cards

Debt consolidation can be a solution when borrower has a number of unsecured debts, which allows transfer of the total owed across those multiple debts into one loan. A secured debt loan is usually offered at a much lower interest rate as the loan is secured against the client(s) house, which often means total monthly repayments are much lower.

Once you’ve decided that a secured loan to consolidate debts is the most appropriate solution we can start the application process straight away on the initial call.

Our specialist will discuss all credit commitments to assess total monthly liability and advise how much could potentially be saved every month by paying off those debts using a secured loan.

Turned down for credit by other brokers or lenders? As a master secured loan broker HLP can often arrange loans for people with credit problems, either currently or in the past.

We will compare loans across various lenders from our panel to try and find a loan that suits the specific circumstances. There are loans available to suit people with good, reasonable and poor credit ratings, so we may have one which will help.

Credit problems with which we may be able to assist include:

  • County court judgements or defaults
  • Mortgage arrears or existing secured loan arrears
  • Missed payments on existing unsecured loans and/or credit cards
  • Clients who have been denied loans elsewhere
  • IVA’s or bankruptcy’s providing these have been discharged

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