Compare Secured Loans UK: Side-by-Side Rates from Top Lenders
Compare secured loans UK side-by-side from FCA-regulated lenders. See rates, fees and terms instantly – from bad credit to car, bridging and business start-up loans. Get personalised secured loan quotes now without affecting your credit score.
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Find the Best UK Secured Loan for You
When you're looking to borrow larger sums of money, secured loans can offer better rates and longer repayment terms than an unsecured loan or personal loan. But with numerous lenders and varying terms available, it's crucial you compare rates and terms effectively. This guide will help you navigate your options and find the most competitive deal while keeping your monthly repayments within budWhen you’re looking to borrow a significant sum, the ability to compare secured loans side by side gives you real power. A well-designed secured loans compare service makes it easy to view rates, terms, and fees from multiple UK lenders at once, so you can see which loan truly fits your situation. Whether you’re consolidating debt, renovating your home, or funding a big purchase, being able to compare secured loans UK puts you in control of your borrowing.
Our platform connects you to FCA-regulated brokers and lenders who specialise in homeowner loans. That means every quote you see is from a regulated source, and every product you view comes with transparent terms.
Why Comparing Secured Loans Matters for UK Homeowners
It’s tempting to focus on the headline APR you see on an advert, but when you compare secured loans UK in depth you quickly realise there’s much more to the cost of borrowing. The actual rate you’ll pay depends on your credit profile, the loan-to-value (LTV) of your property, the amount and term you request, and each lender’s fee structure. Two offers with the same “representative” APR can cost thousands of pounds differently once you include all charges over 10 or 20 years.
This is particularly true if you need to compare secured loans bad credit products. Specialist lenders may accept past defaults or CCJs but price risk differently. By setting these products side by side, you can see whether paying a slightly higher rate with fewer fees or a lower rate with high arrangement costs is better over time.
Using our comparison tool for an instant, soft-search quote lets you see personalised options without affecting your credit score. With large sums and long terms, even a small rate difference can save you thousands over the life of the loan.
Key Factors to Compare Across Secured Loan Lenders
When you use a secured loans compare or compare secured personal loans calculator, focus on three big areas: interest rates & APR, fees and charges, and loan terms & flexibility. Each factor can dramatically affect the real cost. Our own compare secured loans calculator displays them all clearly.
Interest Rates & APR
In the UK, APRs on homeowner loans vary widely depending on risk. A prime borrower might see 6–7% APR at 60% LTV; a higher-risk borrower at 90% LTV could see 12–15% APR or even more. For example, on a £50,000 secured loan over 15 years:
- At 6.99%: monthly payment ~£449
- At 9.99%: monthly payment ~£537
- At 12.99%: monthly payment ~£632
Those numbers show how small changes in rate produce large changes in monthly outgoings. When you compare secured personal loans across lenders, don’t just glance at the rate—look at the total cost of credit and the APRC.
Fees and Charges
Arrangement fees typically run 1–2% (£495–£2,995), valuation fees can add £200–£400, and legal costs another £300–£700. Some lenders waive arrangement fees but load costs elsewhere. Early repayment charges are often 1–5% of the outstanding balance.
A true secured loans compare service shows fees side by side so you can see how a low rate with high fees might actually be worse than a higher rate with no fees. Our compare secured loans calculator breaks these down automatically.
Loan Terms & Flexibility
Repayment periods range from three to 30 years. Longer terms mean lower monthly payments but more total interest. Many lenders offer fixed rates for two to five years, after which loans revert to a variable tracker. Some allow overpayments without penalty; others charge. Payment holidays are rare but sometimes available.
When you compare secured personal loans across multiple lenders, look for flexibility features that match your goals. For example, if you plan to overpay aggressively, a no-ERC product matters more than a slightly lower initial rate.
Comparing Secured Loans for Different Purposes
Borrowers increasingly use secured loans for varied goals. By using a compare secured loans tool tailored to purpose—such as compare secured car loans, business start up secured loans compare, or compare secured bridging loans—you can match your loan type to your need.
Secured Car Loans vs Other Secured Borrowing
Some homeowners prefer to fund a vehicle purchase with a homeowner loan instead of dealer finance. When you compare secured car loans, you’re essentially looking at a second-charge mortgage with car purchase as the stated purpose. Key differences include LTV (secured on your property, not the car), term length (much longer than normal car finance), and rates (often lower than unsecured personal loans for large amounts). Our platform lets you view secured car loans compare results alongside standard homeowner loans so you can see if it’s cheaper.
Bridging & Short-Term Secured Loans
A compare secured bridging loans search focuses on speed and exit strategy. Bridging loans are typically short term (6–24 months), interest-only, and used to complete property transactions. Rates and fees are higher than standard secured loans, but speed of funding can outweigh cost. Our comparison engine lists bridging lenders by maximum LTV, speed to completion, and indicative monthly interest so you can choose the right option.
Business Start-Up or Commercial Purposes
If you’re self-employed or launching a business, you may look at business start up secured loans compare options. These involve using your home’s equity to fund a business venture. They can be powerful but risky: if the business fails, your home is still at stake. Comparing multiple lenders helps you see which will accept business use, what documentation they require, and how rates differ. Our tool flags lenders that specifically allow business start-up use versus those that restrict loans to personal purposes.
Comparing Secured Loans for Bad Credit
If your credit history is less than perfect, don’t despair. A dedicated compare secured loans bad credit search can reveal lenders who specialise in near-prime or sub-prime borrowers. Unlike high-street banks that rely on strict computer scoring, these lenders use manual underwriting to consider your full picture.
Typical rate ranges for secured loans for bad credit UK borrowers might be 9–15% APR depending on equity and affordability. For example, a borrower with a £300,000 home and a £180,000 mortgage seeking £75,000 could see 8.99% APR and a £671 monthly payment over 20 years; a similar borrower with more severe credit issues might be offered 12.99% APR and a £792 monthly payment.
By lining up offers in a secured loans compare view, you can see exactly how credit score affects cost, and you may discover that one lender is significantly cheaper than another for the same profile.
Compare Top 10 Secured Loans in the UK
People often search for “compare top 10 secured loans” lists or “compare cheap secured loans” tables. While no single list suits everyone, our tool effectively creates your own top 10 by ranking UK secured loan lenders based on your criteria—amount, LTV, credit, and purpose.
For illustration, a comparison might show:
This kind of table helps you compare cheap secured loans quickly. But remember “top” depends on your purpose: a lender great for debt consolidation might not allow business use, and vice versa.
Compare and Contrast Secured and Unsecured Loans
It’s also smart to compare and contrast secured and unsecured loans before deciding. Secured borrowing typically offers much higher limits (often up to £1 million) and longer terms (up to 30 years) than unsecured loans, but at the cost of putting your property at risk. Unsecured personal loans cap at about £25,000–£50,000, have shorter terms (1–7 years), and don’t require collateral, but rates can be higher for larger amounts or weaker credit.
Here’s a simple contrast:
Using a secured loans compare view alongside unsecured options lets you see the trade-offs clearly.
How to Use Our Secured Loan Comparison Tool
Our online tool functions as a compare secured loans calculator, pulling data from multiple FCA-regulated lenders. Simply enter your property value, mortgage balance, desired loan amount, term, and purpose. We’ll instantly show you secured loans compare UK results ranked by your criteria.
Because we use a soft search, your credit score isn’t affected by browsing offers. You’ll see estimated monthly payments, APRs, and fees side by side. From there, you can click through to speak to a broker who will firm up the offer and handle the application.
Finding the Right Secured Loan for You
With so many products and lenders available, taking the time to compare secured loans properly is essential. Whether you’re interested in compare secured car loans, compare secured bridging loans, or business start up secured loans compare, our tool helps you evaluate interest, fees, terms, and risk at a glance.
By using our compare secured loans calculator, you can see personalised offers from leading UK lenders, including specialist providers for bad credit. You’ll understand exactly what each loan would cost, how long you’d pay, and what flexibility you’d have to overpay or repay early.
Remember: every secured loan is backed by your property. Always ensure you’re comfortable with the monthly commitment, have a buffer for rate changes if you choose a tracker, and borrow only what you need.
If you’re ready to see the top options available to you today, start with our free, no-obligation comparison service.
Frequently Asked Questions: Secured Loans
How long does it take to complete a secured loan application?
The typical timeline is 2-4 weeks from application to funding, but this can vary based on several factors: Fast-track applications (with automated valuations): 7-10 days Standard applications with physical valuations: 2-3 weeks Complex cases (self-employed/multiple properties): 3-4 weeks Cases requiring additional documentation: 4-6 weeks If you have all your documentation ready upfront, including proof of income, bank statements (usually 3 months), and proof of identity, you can speed up the process. Some lenders now offer automated valuations for properties under £500,000, which can also save up to a week in processing time.
What are my options for a secured loan with bad credit?
Secured loans are available for less-than-ideal credit scores, though rates and terms vary significantly: Poor credit (550-600): Rates will typically be much higher than average, some at around 16% to 25% with an LTV capped at around 60% Below average credit (600-650): Rates might range from around 13% to 18%, with a maximum 70% LTV Fair credit (650-700): Rates might range from around 10% to 15%, with a maximum 75% LTV If you have adverse credit, you might find that specialist lenders can help. They may consider: CCJs under £1,000 if satisfied Defaults over 2 years old Historic missed payments Recently self-employed individuals You'll typically need to provide a larger deposit or have more equity to proceed with a lower credit score, and some lenders may require a guarantor.
What are the minimum and maximum loan amounts available?
Secured borrowing offers access to larger amounts than most personal loans and unsecured loans. Secured loans typically range from £10,000 to £2.5 million, with rates varying by amount: Minimum loans: £5,000-£10,000: Limited lenders, higher rates (typically +2% above standard) £10,000-£25,000: Most lenders, standard rates apply £25,000+: Often better rates (-0.5% to -1% below standard) Maximum loans: Regular homeowners: Up to £500,000 (subject to equity) High-net-worth individuals: Up to £2.5 million Buy-to-let properties: Sometimes capped at £1-3 million, depending on the landlord's circumstances The sweet spot for a secured loan with competitive rates is usually between £25,000 and £100,000. Here you'll find the widest choice of lenders and most competitive rates.
What happens if I want to repay my secured loan early?
Early repayment options vary significantly between lenders. The percentage can refer to the amount overpaid or the outstanding mortgage, so be sure to check with your lender before agreeing to the terms: Early Repayment Charges (ERCs): Within first year: Often 5% Years 2-3: Often 3-4% Years 4-5: Often 2-3% After 5 years: Some lenders charge 1%, others no fee Partial overpayments: Most lenders allow 10% per year without penalty Some flexible lenders permit unlimited overpayments Regular overpayment facilities are usually available Always check the specific terms, as some lenders calculate ERCs on the original loan amount rather than the outstanding balance. This can make a significant difference to how much secured loans cost in total.
How do secured loan rates compare with remortgaging rates?
Current market comparison (as of 2024): Standard remortgage rates: Some lenders offer rates starting from around 4.5% to around 6% Secured loan rates: Some lenders offer rates starting from around 4-5% to around 13% You may decide to get a secured loan when: Your existing mortgage rate is below 3% (common for those on older, fixed rates) You have high early repayment charges on your mortgage (typically 3-5%) You need funds quickly (remortgaging typically takes 6-8 weeks) Your circumstances have changed (e.g., you've been self-employed for less than 2 years) Be sure to calculate the total cost difference. For example, on £50,000 borrowing you might pay: Remortgage at a theoretical 4.99%: £291 monthly (15 years) Secured loan at theoretical 7.99%: £477 monthly (15 years) Despite this difference, if your existing mortgage has a 5% ERC (£12,500 on a £250,000 mortgage), the secured loan option might be more cost-effective overall.
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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.
