Call Us Today On : 0800 292 2533

Mon-Fri 8am-8pm

Apply For A
headding change Online…

How Do Secured Loans Work?

If you are ready to apply for a loan, you might find the whole process to be very confusing. It can be difficult to find the best-secured loan or bridging loan that works best for you. Fortunately, we have broken the process down into 5 easy steps, which can take the confusion out of the entire process.

Z

1 Your Application

When we receive your application, we will get in touch with you. This will give us a chance to talk you through the entire process so that you know what to expect. This is also a great chance to give us any additional information that we need. We will keep you in the loop and keep things simple so that we don’t waste any of your precious time.
Z

2 Your Options

When you sit down with one of our agents, you would be given a handpicked list of all the lending options that are available to you. This gives you a chance to have all the options explained to you and you can your agent can find the best lending option for your own unique circumstances.
Z

3 The Paperwork

When you have selected one or two loan options that interest you, you will be given a written description of all your lending options. When you have selected just one, you can begin the process to get the loan completed. Your agent will work with you to get all the paperwork filled out properly.
Z

4 Final Checks

When your paperwork is collected and complete, we will send it to your chosen lender. If there is any legal work or validation necessary, we will take care of it so that your loan is completed without any delays.

Frequently Asked Questions

Secured Loans Explained

A secured loan is a loan that is secured against your house. If you are planning to borrow a large amount of money, secured loans are ideal. If you are looking for a personal loan, you can usually borrow no than £25k. A secured loan would allow you to borrow more money if you have the equity in your home. When you take out the loan, your house would be listed as collateral. This means that the lender will see you as less of a risk. It is important to understand that if you don’t pay back your loan that you could lose your house.

How Much Can I Borrow?

The amount of money that you can borrow with a secured loan varies from £5k to £2 million. In some cases, you could qualify for more. It would all depend on how much equity you have in your home. For example, if your home is worth £250k and the amount that you owe on your mortgage is £100k, you would have £150k in equity available to help you secure a loan.

 

How Long Does It Take to Get the Loan?
It is our goal to complete the whole loan process in just two weeks. During this time, we will give you status updates regarding your loan. The amount of time that it would take for your loan to come in would depend on whether your paperwork is completed correctly and quickly. It would also depend on how quickly you are able to have the value of your home estimated. If you are in a hurry to get your money, we can expedite your application.
How Do I Qualify For a Secured Loan?

To qualify for a secured loan, you would need to be a homeowner and a mortgage payer. If you currently don’t have a mortgage, we might be able to help you set up a small mortgage loan to suit your needs.

 

Can I Borrow More Money in the Future?
If you want to top off your loan and you are in good standing with your loan, you can borrow more money. You would simply need to contact us so that we can arrange it for you
Will You Run a Credit Check?
We will need to check your credit file; however, we would run a soft check that wouldn’t affect your credit score in any way. A soft check won’t leave a footprint on your credit file; however, it will help us understand your financial and credit situation. The only time that we will run a full credit check is if you complete your loan.

Whats The Process?

1.Tell Us About The
Loan You Need

Loan Purpose
Loan Amount &
How Long

2.We Give You
The Best Quotes

APR rate indication &
Monthly Payments

3.Tell Us A Bit
More About You

Using Bank Connect We can Get
You Pre-Approved For YourLoan
We May Need Further Discussion
For Ccomplex Cases

4.Your Apply For
Your Loan

You Choose The Best Option Based On
An Informed Decision And Proceed With
The Application With The Lender of Choice

Whats The Process?

1.Tell Us About The
Loan You Need

Loan Purpose
Loan Amount &
How Long

2.We Give You
The Best Quotes

APR rate indication &
Monthly Payments

3.Tell Us A Bit
More About You

Using Bank Connect We can Get
You Pre-Approved For YourLoan
We May Need Further Discussion
For Ccomplex Cases

4.Your Apply For
Your Loan

You Choose The Best Option Based On
An Informed Decision And Proceed With
The Application With The Lender of Choice

7.8% APRC Representative

Representative example: Assumed borrowing of £37,700 over 180 months, with a fixed borrowing rate of 6.4% per annum for the first 36 months, followed by 144 months at the lenders standard variable borrowing rate of 5.9%. There would be 36 monthly instalments of £356.89 followed by 144 instalments of £347.59. Total amount payable £63,021 comprised of; loan amount (£37,700); interest (£21,791); Broker fee (£3000) Lender fee (£530). This would result in an overall cost of 7.8% APRC.

 

Accepted.co.uk is a trading style of Paloma Digital Limited. Paloma Digital Limited is an introducer and we will search our panel of brokers to find the right loan for you. Data Protection Registration Number: Z9868049.

Paloma Digital Limited is authorised and regulated by the Financial Conduct Authority. Firm registration number 769794. See www.fca.org.uk

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

 

7.8% APRC Representative

Representative example: Assumed borrowing of £37,700 over 180 months, with a fixed borrowing rate of 6.4% per annum for the first 36 months, followed by 144 months at the lenders standard variable borrowing rate of 5.9%. There would be 36 monthly instalments of £356.89 followed by 144 instalments of £347.59. Total amount payable £63,021 comprised of; loan amount (£37,700); interest (£21,791); Broker fee (£3000) Lender fee (£530). This would result in an overall cost of 7.8% APRC.

Accepted.co.uk is a trading style of Paloma Digital Limited. Paloma Digital Limited is an introducer and we will search our panel of brokers to find the right loan for you. Data Protection Registration Number: Z9868049.

Paloma Digital Limited is authorised and regulated by the Financial Conduct Authority. Firm registration number 769794. See www.fca.org.uk

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

Paloma Digital Ltd. Company Registration No. 6934249. Registered Office: Office 229, 275 Deansgate, Manchester M3 4EL.