Secured loan For Unencumbered Property [Second Charge Mortgage]

Simon Nicholson

Written by Simon Nicholson on July 27, 2018

Updated July 27, 2018

Leading secured loan rates of 3.65%

If you have a property that has no mortgage and you wish to take out extra borrowing against the property then we can help. A secured loan for an unencumbered property is an ideal solution when a mortgage from a mainstream lender is unavailable due to mimimum lending restrictions.

A loan of this type is an great alternative solution if you have a lower value property (less than £75,000), or require a smaller loan (£10,000 plus) that does not meet the mimimum mortgage lending requirements.

Loans can also be secured on unencumbered buy to let property including HMO, Semi commercial flats, high rise buildings and properties with non standard construction.

What can the loan be used for?

  • To consolidate unsecured debts such as loan, overdrafts and credit card debts.
  • To make home improvements such as an extension, a new kitchen, bathroom or modernisation.
  • To pay for one off items or expenses such as holidays, weddings or a new car

The loan features

  • Borrow from £10,000 – £2.5 Million
  • Repayment terms from 3 – 30 years
  • Applicant types

    All applicant types are considered including:

    • Adverse credit considered
    • Pensioners and applicants over 65 years of age
    • Self employed and contractors

    Get in touch for a quote

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    All credit types
    Rated 5.0/ 5

    Smart Money Why?
    Why?

    This provider is our Expert’s Choice in its category as it won tops marks for the following.

    • TRUST
    • VALUE
    • EXPERTISE & KNOWLEDGE
    • CUSTOMER SERVICE

    Learn more about how we review and assess the providers here on Lending Expert.

    Loan Amount
    £3,000 - £1,000,000

    Representative APRC
    From 3.9%

    Loan Term
    3 - 35 years

    Loan Type
    Residential
    & Buy to Let

    Status
    Homeowners Only
    Max LTV 100%

    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 and buy to let loans. They are independent and have access to the major lenders in the market. All quotes are free and without any obligation.

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