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Secured Loans
Getting a secured loan quote takes a few minutes and starts with a soft credit check that won't affect your credit score. From there, we compare offers from a wide range of lenders before you decide whether to go ahead.
You can get a secured loan quote online in a few minutes by giving some basic details about your property, your income, and how much you'd like to borrow. This is followed by a soft credit check, which lets an advisor see an outline of your credit history without leaving a mark that other lenders can see.
Getting a quote doesn't commit you to anything. You can compare the numbers, ask questions, and walk away at any stage before signing a formal loan agreement.
You can apply for a secured loan online in minutes, but it helps to know a couple of things first: roughly how much equity you have in your property, and what you want to borrow the money for. Lenders ask about both early on, and having clear answers speeds up the whole process.
You don't need every document ready to get an initial quote, but gathering them in advance means you can move straight to a full application once you've compared your options.
The lenders that ask for the least paperwork upfront often want the most later on, once you've had your initial quote. Having your mortgage statement, payslips, and ID ready from the start usually means a faster full application.
The initial quote stage is designed to give you an idea of what's available before you commit to anything. It's a short online form followed by a soft credit check, not a full application.
Here's what the process looks like from start to finish.
Step by step
Answer a few quick questions
Tell us about your property, your income, and how much you'd like to borrow and why.
Get an initial view of your options
A soft credit check gives your advisor an outline of your credit history without leaving a mark that other lenders can see.
Speak to an advisor
Your advisor talks through your circumstances and compares offers from a wide range of lenders.
Choose an offer and apply in full
If you decide to proceed, the lender carries out a hard credit check and arranges a valuation of your property.
Legal work and lender approval
Solicitors handle the paperwork to register the loan as a charge against your property, and your existing mortgage lender may need to give consent.
Receive your funds
Once everything is signed off, the money is transferred and you can use it for its intended purpose.
Not sure where to start?
An advisor can talk you through the paperwork, compare offers from a wide range of lenders, and answer any questions before you apply.
Once you've submitted your details and had a soft credit check, an advisor will usually call to talk through your options. This is a chance to explain what the loan is for and ask any questions about how a secured loan works.
Your advisor compares offers from a wide range of lenders based on the details you've given them. Each offer sets out the amount you could borrow, the term, and the fees involved, so you can compare them side by side before deciding whether to go further.
If you choose to proceed, you'll move to a full application. At this stage, the lender carries out a hard credit check, arranges a valuation of your property, and confirms the final terms. Your existing mortgage lender may also need to give consent, since a secured loan is usually registered as a second charge against your home.
Before you sign a formal loan agreement, it's worth remembering: your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
If you're worried about affordability at any stage, you can get free, independent guidance from MoneyHelper on 0800 138 7777 before you commit to anything.
A quote is not a guarantee of a formal offer. Your circumstances are checked more closely once you move to a full application, so treat the initial numbers as a starting point rather than a fixed deal.
Secured loans are aimed at homeowners, but eligibility depends on more than just owning a property. Lenders look at your equity, income, and existing commitments before deciding how much they're willing to offer.
The criteria below are typical starting points. A wide range of lenders each set their own rules, so it's worth getting a quote even if you're not sure you'll qualify.
Eligibility
An initial quote can usually be put together within minutes of answering a few questions about your property, income, and the loan you want. The soft credit check that supports this doesn't take any longer.
The full process, from your first quote to receiving funds, generally takes longer. Once you've compared offers and chosen a lender, the formal application, property valuation, and legal work typically take four to eight weeks to complete.
Complex cases, such as those involving self-employment income or an existing second charge, can take longer while additional documents are reviewed. Speak to an advisor for a realistic timeline based on your circumstances.
Common questions
No. An initial quote is based on a soft credit check, which lets an advisor see an outline of your credit history without leaving a mark that other lenders can see. A full credit check only happens if you go ahead with a formal application.
You'll usually need details about your property, your mortgage balance, your income and outgoings, and how much you want to borrow and why. Having a recent mortgage statement and proof of income to hand makes this quicker.
No. A quote gives you an idea of what might be available based on the details you've provided. A formal offer only comes after a full application, which includes a hard credit check and a valuation of your property.
Yes. Because the loan is secured against your property, some lenders are willing to look past missed payments, defaults, or County Court Judgments. Your options may be more limited, and it's worth speaking to an advisor about which lenders are likely to consider your circumstances.
No, it isn't compulsory, though a broker can save time by comparing a wide range of lenders on your behalf, including some that don't deal directly with the public.
This varies by lender, and figures can change if your circumstances or the market shift. Speak to an advisor for current details once you've received a quote.
Getting a quote won't affect your mortgage. If you go ahead with a secured loan, it's registered as a second charge on your property, and your existing mortgage lender will usually need to give consent before it completes.
What our clients say
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Secured Loans
Compare rates from a wide range of lenders. Our expert advisors will find the right secured loan for your circumstances.
