It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
A secured loan in London allows homeowners to borrow money using their property as collateral.
This type of loan is often referred to as a homeowner loan or second-charge mortgage.
It’s particularly useful for those looking to access larger sums, especially when unsecured borrowing options are limited.
By securing the loan against your home, lenders may offer more competitive interest rates and flexible repayment terms.
However, it’s important to understand that failure to keep up with repayments could put your property at risk.
Seeking mortgage advice in London can help you navigate the options available and determine if a secured loan aligns with your financial needs.
The amount you can borrow with a secured loan in London depends on several factors, including the equity in your property, your income, credit history, and the lender’s criteria.
One of our expert mortgage advisors in London can assess your individual circumstances and provide guidance on the borrowing limits applicable to you.
They can also help you understand the implications of different loan amounts and terms, ensuring you make choices that suit your financial situation
Secured loans in London offer flexibility in terms of usage.
Homeowners often use them for home improvements, such as extensions or renovations, which can increase property value.
Others consolidate existing debts into a single, manageable payment, potentially reducing monthly outgoings.
Some use the funds for significant purchases like a new car or to support educational expenses.
It’s essential to consider the purpose of the loan carefully, as using your home as security carries risks.
As a trusted mortgage broker in London, we can provide clarity on the suitability of a secured loan for your intended purpose.
Our Customers Love Us
5.00 Rating15 Reviews
Anonymous
Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
7 months ago
Anonymous
Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
7 months ago
Laura
I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
7 months ago
Jaycee
A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
7 months ago
Tamra
Great company. Great service. Recommend 100%
7 months ago
Otto
thank you chloe for help with my mortgage iwill be back next time.
7 months ago
Tabby
Excellent service very helpful with my mortgage 😀
7 months ago
Seb
Very useful and efficient service. Thank you london money man!
7 months ago
Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
7 months ago
Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
7 months ago
Derek
Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
7 months ago
Marina
Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
7 months ago
Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
Yes, it can. Taking out a secured loan means adding another charge against your home, which could affect how much you can borrow in the future or your ability to remortgage.
Some lenders might be cautious about giving you a new mortgage or refinancing an existing one if you’ve got another debt secured against the property.
It’s worth speaking to a mortgage broker in London like ourselves to understand how a secured loan might impact your current or future mortgage plans.
We’ll look at how your finances are structured and help you avoid any unexpected surprises.
It’s possible, but you may find that the interest rates are higher.
Because the loan is tied to your home, some lenders are more willing to offer secured loans to those with poor credit histories.
The idea is that having security reduces the risk to the lender.
Even so, they’ll still want to know that you can make the repayments reliably.
It’s always better to speak to someone who understands how lenders work before jumping in.
Yes, you do need to be a homeowner to take out a secured loan in London.
The property you own acts as the security for the loan, which gives the lender a legal claim to it if you default.
This doesn’t mean they’ll rush to repossess your home, but it does give them some protection.
It also means that tenants or those in shared ownership arrangements might not be eligible.
If you’ve got equity in your home, it can open up more borrowing options.
The process can move quite quickly, often faster than a mortgage application, but it still depends on the complexity of your situation.
Some loans complete within a few weeks, especially if all your paperwork is in order and there are no complications with the property.
You’ll typically need a valuation, a legal check, and some credit checks.
Remortgaging involves switching your current mortgage deal or borrowing more against your home through a new mortgage.
A secured loan is a separate loan secured against the same property.
Some people choose a secured loan to avoid changing their mortgage deal, especially if they’re locked into a low rate or face early repayment charges.
Depending on your circumstances, one route might save you more money than the other.
You can, but you may face early repayment charges depending on the lender.
These are fees for paying off your loan ahead of schedule. Some people repay early after receiving a windfall or selling their home.
If early repayment is something you’re thinking about, make sure you check the terms carefully before taking out the loan.
That really depends on your financial circumstances and your goals.
If you’re confident in your ability to keep up with the repayments and you need to borrow a larger sum, secured loans in London can offer more flexibility.
But because your home is at risk, it’s not a decision to take lightly.
Our team offers a free, no-obligation mortgage appointment, making it easy for you to discuss your secured loan options at a time that suits you.
Speak to a mortgage expert today and explore the best solutions tailored to your financial needs.
We have access to thousands of secured loan deals, providing you with a wide range of competitive options.
With a vast selection from trusted lenders, we can find the right loan to match your individual requirements.
Once you’ve chosen a suitable loan, we’ll guide you through a straightforward application process to ensure everything runs smoothly.
Your dedicated mortgage advisor in London will handle all the details, ensuring your application is submitted accurately and efficiently.
Upon approval, the funds from your secured loan will be released quickly, allowing you to move forward with your plans.
We’ll stay with you every step of the way, making sure your completion is stress-free and prompt.
Finding the right mortgage or secured loan can be a lot to take in, especially with so many options available.
That’s why we offer a free mortgage review, giving you the chance to speak to a mortgage advisor in London without any upfront cost.
It’s a simple way to get a clear picture of what’s possible and how we can help, whether you’re just starting to explore secured loans in London or already have something specific in mind.
Thanks to our access to a wide range of lenders, we can search through 1000s of deals to find one that suits your needs.
Whether you’re after a competitive rate or a lender with more flexible criteria, we’ll look at what’s available and guide you through the process.
Having so many options at our fingertips means we’re well-placed to support anyone looking for mortgage advice in London or searching for the right secured loan.
People often tell us they appreciate how easy we make things feel.
That’s because we keep the jargon out and focus on what matters to you.
Whether it’s answering questions, chasing updates, or handling paperwork, we take care of the details so you don’t have to.
As a trusted mortgage broker in London, we’re here to support you every step of the way with a service that puts your needs first.
Life doesn’t always fit neatly into the working week, so neither do we.
Our team is available seven days a week, giving you the freedom to get in touch when it suits you.
Whether it’s an early morning query or something you’ve remembered on a Sunday afternoon, you can count on us to be around.
When you’re looking for mortgage advice in London or exploring secured loans in London, you deserve support that works around your schedule.
When you take out a secured loan in London, you’re offering your home as security.
This gives lenders peace of mind, as they know there’s something backing the loan.
It’s this security that often allows you to borrow more than with an unsecured option.
At the same time, it does mean your home is at risk if repayments aren’t maintained, so it’s something to think about carefully.
Although secured loans can sometimes come with lower interest rates than unsecured ones, that’s not always the case.
Your individual profile, the loan amount, and the lender’s terms can all affect the rate you’re offered.
Those with weaker credit histories may see higher rates, as lenders factor in the risk.
It’s worth speaking to a mortgage broker in London who can help you understand what rates might look like in your situation and if you’re being offered a fair deal.
Lenders want to know you can afford the repayments before offering a secured loan.
They’ll look at your income, outgoings, and any existing debts.
This helps them decide how much you can borrow and on what terms.
It’s all about responsible lending, making sure the loan works for both you and the lender.
How much you can borrow through a secured loan in London largely depends on your home’s equity and your financial position.
Those with more equity often unlock access to larger amounts.
The lender will also factor in what the loan is for whether it’s renovations, consolidating debts, or funding something else.
Your credit score plays a role in how lenders assess your application, though it’s not the only factor.
With a secured loan, some lenders are more flexible if you’ve had financial hiccups in the past, especially if you’ve got a strong equity position.
That said, better credit scores usually lead to better terms.
It’s not just about the loan itself, there may be other costs to factor in.
These could include legal fees, valuation charges, and broker fees.
Some of these might be added to the loan, while others will need to be paid upfront.
Transparency matters, so make sure you’re clear on the full cost before moving forward.
The current market value of your home is central to your secured loan application.
The more your property is worth and the less you owe on your existing mortgage the more equity you’ll have available to borrow against.
Lenders may carry out a valuation, either remotely or in person, to confirm this.
If property values have risen recently in your area, you might be in a stronger position than you think.
While secured loans can be completed relatively quickly, the time it takes varies.
You’ll need to go through a few steps, including affordability checks and legal work.
On average, it can take a few weeks from application to funds being released.
If your paperwork is in order and the process runs smoothly, it can be quicker.
Read our 15 Reviews
Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Londonmoneyman 2025.
Contact
Follow Us
Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Londonmoneyman 2025.
Speak to an Advisor – It’s free!
7 Days a Week, 8am – 10pm
