Secured Loans

General

A secured loan is an innovative way of raising money by using the equity within your property, without having to re-mortgage. It ideally suits people who are tied in to their current mortgage for some time to come. It is a second mortgage secured against your property that has a generally lower APR than a personal loan, dependent on your credit status.

Reasons for Choosing a Secured Loan

IIf you need to raise any money for any purpose, whether it for consolidation or Home Improvements but are tied into your current mortgage with a penalty for leaving, we could look to offer you a secured loan to raise you the amount you require. You may keep the loan for the full term, or look to re-mortgage consolidating everything back into one simple mortgage again.

The Market

We have access to the whole market within the UK and offer competitive rates across the board. We will only quote you a loan which we know you can afford, hence having your best interests at heart.

Why Oak is Different

At Oak Loans & Mortgages we have a team of Advisors ready to take your call and find you the correct product to suit your individual circumstances. A superb team of experienced Underwriters will take care of your loan through to completion, and will assist you with any queries you may have along the way. We also like getting things right first time round to eliminate the possibilities for error, and are happy to talk you through your paperwork upon your request.

Interest Rates & Terms

We offer Secured loans from 7.9% APR, over a period of your choice, which is anything between 0 and 30 years. Rates and terms are subject to your individual circumstances and acceptance is subject to status.

Speed of Completion

An average secured loan can take between 1 and 4 weeks, subject to loan amount. We will always endeavour to complete your loan as quickly and smoothly as possible.

 

WHAT YOU NEED TO KNOW

PLEASE REFER TO THE MORTGAGE HOME PAGE FOR IMPORTANT INFORMATION ON RISKS ASSOCIATED WITH THIS TYPE OF BORROWING.