Compare 17 Secured Loans

Below we’ve listed our TOP choice secured loans for homeowners from over 25 reviewed. They can quickly search across 17 lenders from the market place to find you the cheapest loans and deals. Simply click apply to make an application.

All Credit Types
Rated 5 / 5

Smart Money

Loan Type
Secured & Homeowner Loans

Loan Amount
£3,000 - £2.5 Million


Loan Term
3 - 30 Years

Award winning broker of the year Smart Money have made it to the top of our list as our No 1 recommended provider for homeowner loans. Smart Money are not available direct to the public and so we are very excited to be able to offer them here via Lending Expert.

They search through 17 lenders in the market place to find the cheapest loans to suit your circumstances. They can help with debt consolidation, home improvements and buy-to-let applications.

Read our review



How long does it take to get a loan?

Loans can be completed within a matter of a few weeks assuming all the application and supporting documents are provided quickly.

Do I need to be a homeowner?

Yes, as these types of loans are secured against your home in the same way a mortgage is. They are often referred to as a second charge loan.

Do I have to pay any upfront fees?

No, there are no up front fees to pay. However, there is a broker fee and lender fees to pay upon completion of the loan. In most cases there is also a home survey/valuation fee to pay in addition to the broker and lender fee. These fees and the amount to pay will be explained to your prior to taking out an application.

Are these types of loans suitable for buy to let?

Yes, secured loans can be taken out on buy to let property.

What purpose can the loans be used for?

Loans can be arranged for any legal purpose. Secured loans are mostly used for home improvements and debt consolidation.

How much can I borrow?

The amount you can borrow will depend on factors such as home equity and affordability. A quick assessment from a secured loan broker will be able to establish how much you are able to borrow and how much the loan will cost.

Why not just remortgage?

A secured loan has many benefits over a remortgage and in many cases will be the best solution such as: If your credit rating has worsened since taking out your first mortgage, remortgaging could mean you end up paying more interest on your entire mortgage, rather than just on the extra amount you wish to borrow. If your existing mortgage has a high early repayment charge (ERC), it may be cheaper for you to take out a second charge mortgage rather than to remortgage.

Are secured loans available to self employed?

Yes. If you are self employed either as a sole trader or company director you can apply for a second charge loan. You must have a minimum of 6 months of trading and be able to provide proof of income.

Can I get a homeowner loan without proof of income?

No. You will be required to show proof of suitable income to demonstrate you can afford the loan repayments. SA302 and accountants projection accepted as proof of income for self employed applicants.

What purpose can a secured loan be used for?

Any legal purpose such as debt consolidation, home improvements, tax bills, business use or to purcase a new car for example.

What is the maximum secured loan to value (LTV)?

Loans can be arranged up to 95% loan to value with a small handful of lenders. The lower the LTV the more attractive the interest rates and fees are.

How about if you have a bad credit history?

If you have a bad credit history then there are a selection of second charge lenders who offer loans within this category. Your broker will be best to advise you on which lenders and products will be available and the interest rates chargable.

What is the maximum loan term on second charge loans?

Second charge loans are like mortgages and loan terms can arranged up to 35 years for some lenders while others will have a maximum loan period of 25 years for example.

Are secured loans available to ex-pats?


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Rating: 4.6 / 5 with 21 votes

Lending Expert is a credit broker, not a lender.

We bring together the very best providers and deals from across the market place.