Secured loans are a popular and practical financial solution for homeowners seeking access to larger sums of money. Whether it’s for home improvements, consolidating debt, or funding a business venture, these loans typically offer more competitive interest rates than unsecured alternatives.
We’ve highlighted the best secured loans available in the UK, considering factors such as loan amounts, flexible terms, and customer satisfaction, to help you find the most suitable option for your financial needs.
1. KIS Finance
Rating: 4.97
KIS Finance operates as an independent finance brokerage, providing a wide range of secured loan products from a diverse panel of lenders. The firm is known for offering highly flexible terms tailored to clients’ specific needs, especially those who may struggle with adverse credit histories. Their broker network enables them to secure some of the most competitive rates available on the market, positioning them as one of the best secured loan providers in the UK.
KIS Finance offers loans that range from £5,000 to £2.5 million, with terms extending from 3 to 35 years. The LTV ratio can go up to 125% in some cases, making it a suitable option for those who need to borrow more than the value of their property. With a quick decision-making process, clients often receive approval within 24 hours, with the entire application-to-completion process taking between 3 to 5 days. Notably, KIS Finance does not charge upfront fees, which can be a significant advantage over competitors.
Loan amount: £5,000 to £2.5 million
Term: 3 to 35 years
Fees: Broker fee of 8% (capped at £2,950)
Best for: Homeowners looking for fast, flexible loan options with no upfront fees.
2. Finamply
Rating: 4.9
Finamply is a mortgage broker that offers a wide range of secured loan products, focusing on providing personalized loan options for all types of borrowers. Their team reviews all available options in the market to ensure clients get the most suitable deal for their financial situation, placing them among the best secured loans brokers. The company’s mission is to help clients make well-informed decisions, whether their needs are simple or complex.
Finamply offers loans from £10,000 to £500,000 with repayment terms from 5 to 35 years. The fixed interest rates start from 4.6%, making them an attractive option for borrowers who prefer predictable payments over the life of the loan. Their team works directly with clients, ensuring they’re informed and confident about their financial decisions every step of the way.
Loan amount: £10,000 to £500,000
Term: 5 to 35 years
Fees: No upfront fees; charges depend on loan agreement
Best for: Clients seeking a personalized mortgage brokerage service with flexible options.
3. Ocean Finance
Rating: 4.9
Ocean Finance is a well-established broker that offers secured loans designed to meet the diverse needs of UK homeowners. Known for its exceptional customer service, the company is committed to helping clients find the most competitive rates and loan terms based on their individual circumstances. Their loan products are ideal for people who require a straightforward, quick solution for large financial needs.
Ocean Finance offers secured loans ranging from £10,000 to £500,000, with flexible terms designed to suit borrowers with varying financial situations. The company prides itself on offering a transparent process with no upfront fees, allowing clients to apply for loans without the worry of hidden charges.
Loan amount: £10,000 to £500,000
Term: Flexible, from short-term to long-term loans
Fees: No upfront fees
Best for: Homeowners who need a simple, transparent loan process with no hidden fees.
4. Blueberry Mortgages
Rating: 4.9
Blueberry Mortgages is a finance broker that specializes in securing second charge mortgages and bridging loans. With over 115 years of combined experience, the team at Blueberry understands the complexities of securing finance and takes a tailored approach to meet each client’s unique needs. They focus on providing a fast, transparent service that ensures clients can access funding quickly.
Blueberry offers secured loans with flexible terms and up to 85% LTV, and they also allow for interest-only repayments. Whether you need a loan for property purchases, tax bills, or debt consolidation, Blueberry offers a solution that can be quickly processed. Their ability to work with non-standard properties and varying income profiles further makes them one of the best secured loans brokers.
Loan amount: From £10,000
Term: Flexible, with fast completion times
Fees: No early repayment charges
Best for: Clients seeking a fast, flexible loan with no early repayment charges.
5. Central Trust
Rating: 4.8
Central Trust is a specialist mortgage lender based in Watford, London. With over 35 years of experience in the secured loan market, the company offers a variety of loan products, including secured loans, homeowner loans, and second mortgages. As a direct lender, Central Trust cuts out the middleman, ensuring that there are no hidden broker fees for borrowers. This transparency is an attractive feature for those looking for straightforward lending solutions.
The company offers secured loans up to £250,000 with terms ranging from 3 to 25 years. Central Trust is also known for its flexibility in considering applicants with poor credit histories. With quick processing times, the company can deliver loan approvals within 7-10 days. Central Trust’s straightforward approach and personalized service make them a great option for homeowners with unique financial circumstances.
Loan amount: Up to £250,000
Term: 3 to 25 years
Fees: No hidden broker fees
Best for: Homeowners looking for flexible loan terms and quick processing times.
6. Loanable
Rating: 4.8
Loanable is a mortgage broker specializing in matching borrowers with the most suitable secured loan products based on their specific needs. The company works with over 400 secured loan options, offering a wide variety of lending solutions to meet diverse financial situations. Loanable’s philosophy is to consider a borrower’s full financial profile, not just their credit history, making it possible for individuals with poor credit to secure a loan.
Loanable offers secured loans from £10,000 to £1 million, with products that feature 100% Loan to Value (LTV) options. They emphasize flexible repayment terms, with terms ranging from 3 to 30 years. Importantly, Loanable does not conduct upfront credit checks, which can be an advantage for borrowers concerned about how inquiries might impact their credit scores.
Loan amount: £10,000 to £1 million
Term: 3 to 30 years
Fees: No upfront credit checks
Best for: Borrowers with poor credit or those seeking personalized loan options with no impact on their credit score.
7. MortgageForce WM
Rating: 4.5
MortgageForce WM is a well-established finance broker that specializes in offering secured loans across the UK. Founded in 2011, the company prides itself on delivering impartial, expert advice. With over 25 years of combined experience in the industry, MortgageForce WM works directly for the client, ensuring they receive unbiased loan recommendations based on their financial needs.
MortgageForce WM offers secured loans ranging from £3,000 to £200,000. They feature a wide range of APR rates, starting at 5.11% and going up to 29.9%, depending on the loan amount and borrower’s credit profile. A broker fee of up to 12.5% is added to the secured loans, and clients are advised to consider the potential implications of securing other debts against their home. MortgageForce WM is a good choice for homeowners seeking professional advice and a smooth loan application process.
Loan amount: £3,000 to £200,000
Term: Flexible
Fees: Broker fee up to 12.5%
Best for: Homeowners looking for impartial loan advice and a broker-assisted application process.
8. Starloans
Rating: 3.8
Starloans is a long-established UK lender specializing in both small and large secured loans. Founded in 1957, they offer flexible second charge mortgages, with a focus on loans for homeowners seeking additional borrowing. With years of expertise, Starloans is a trusted provider for clients looking for a straightforward loan process with competitive rates.
Starloans provides loans of up to £1.5 million, with terms ranging from 36 months to 360 months. Interest rates start as low as 5.99% for smaller loans, but can increase based on the borrower’s profile, with some plans going up to 29%. This flexibility allows them to cater to a wide variety of clients, including those consolidating existing debt or securing funding for home improvements.
Loan amount: Up to £1.5 million
Term: 36 to 360 months
Fees: Varies based on loan type
Best for: Homeowners needing a second charge mortgage with flexible rate options
Why Choose Secured Loans?
Secured loans can be an excellent financial tool for homeowners who need a larger sum of money and want to benefit from lower interest rates. The main advantage is that secured loans allow lenders to offer better rates since they are backed by the borrower’s property as collateral. This makes them an ideal option for individuals looking to take on large-scale projects, consolidate debt, or handle an emergency situation.
For homeowners with good credit, secured loans often provide the most competitive rates, as well as flexible repayment terms. Those with poor credit may also find opportunities, as secured loans can be a more accessible option due to the collateral involved. In fact, the best secured loans tend to offer both flexibility and affordability, helping borrowers meet their financial goals efficiently.
Conclusion
Secured loans can provide a powerful financial solution for homeowners who need access to significant funds at competitive rates. Whether you’re looking to consolidate debt, fund home improvements, or handle an unexpected financial burden, the best secured loans offer flexibility and favorable terms to meet your needs.
However, it’s important to proceed with caution. Since these loans are secured against your property, failure to keep up with repayments could result in the loss of your home. Always carefully consider your financial situation, loan terms, and ability to repay before committing to any secured loan.
It’s advisable to seek professional advice to ensure that you’re making a well-informed decision tailored to your circumstances.
