Best long-term secured loans
Compare deals with flexible 30- to 40-year terms and attractive rates and features.
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Top Long-Term Secured Loan Deals"
When you're borrowing for the long haul - say, 30 or 40 years - the secured loans market changes. You'll find options with lower monthly payments, more manageable budgeting, and long-term stability. But it can also mean you pay more interest overall, so choosing the right deal matters. Here's a breakdown of standout long‑term secured loans for 2025 - straight from the lender data.
Kensington Mortgages - flexi-fixed for the whole term
- Loan term: Fix your mortgage for 11 to 40 years - you choose the duration
- Other features: Portable (take it with you if you move), up to 10% annual overpayments, no early repayment charge for life events or sale, and a fixed monthly payment for the full term.
Freedom Finance via Fair Investment - drawdown for less interest
- Loan term: 3 to 35 years
- Other features: Drawdown facility (pay interest only on what you use), no early repayment charge, and interest rates from 3.57% APR.
West One Loans - homeowner loans with high LTV
- Loan term: 5 to 40 years
- Other features: Borrow up to £1m for a wide range of uses, including tax bills and starting a business, with up to 85% combined loan-to-value (LTV).
Summing up
If long repayment terms matter most, these secured loans offer decades of stability alongside other key benefits. Freedom Finance has drawdown-based borrowing with up to 35-year terms, Kensington Mortgages stands out with fixed-rate security for up to 40 years, and West One Loans combines 40-year terms with a high LTV. Each one could suit homeowners planning long-term finance.
Frequently Asked Questions: Secured Loans
What exactly is a long-term secured loan?
A long-term secured loan is a type of borrowing where you use an asset - usually your home - as collateral, and agree to repay the money over an extended period, often 20 years or more. The longer term means smaller monthly repayments, which can help if you want to keep your budget manageable. But remember, paying over many years means you'll probably pay more in interest overall.
How do loan terms affect the interest rate and repayments?
Generally, the longer your loan term, the lower your monthly repayments will be because the cost is spread out. But longer terms usually come with higher total interest since you're borrowing for more time. Shorter terms mean you pay less interest overall but have higher monthly payments. It's about finding the balance that fits your budget without overpaying in the long run.
Can I repay a long-term secured loan early without fees?
This depends on your lender and loan agreement. Some secured loans allow early repayments or even full payoff with no penalty, so you can reduce your interest costs. Others might have early repayment charges (ERCs) if you pay off sooner. Always check your contract carefully and ask your lender about their early repayment policies before you commit.
What are the risks of choosing a long-term secured loan?
Because the loan is secured against your property, falling behind on repayments could put your home at risk of being repossessed. Also, committing to a long-term loan means you're tied into repayments for more years, which could affect your flexibility later on. Interest rates might also change if you have a variable rate, impacting your monthly costs over time.
How do I know what loan term is right for me?
Consider your monthly budget first. How much can you realistically afford to pay each month? Then think about how long you want to be in debt and the total cost you're willing to pay. Shorter terms save money on interest but mean higher payments. Longer terms reduce monthly costs but increase overall interest. Speak with a financial advisor or broker to help weigh your options.
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The details shown are for illustration only and may not include all lenders or products. Actual rates and terms depend on your circumstances and the lender’s assessment. Information was correct at publication but may change at any time.
