Secured Loans

What Are Secured Loans?​

A secured loan (also known as a homeowner loan) is where you borrow additional funds secured against your residential property without repaying or replacing your existing mortgage.

We are independent whole of market brokers and are ideally positioned to help you raise the funds that you require at the lowest rates available and we charge the lowest broker fee on the internet.

We are in the almost unique position of advising on both first charge mortgages and second charges (very few brokers advise on both options).  We will assess all of your options and advise you which route is the most beneficial for you.  We will assess the costs and/or any penalties you may incur by re-mortgaging and compare this to retaining your current mortgage and taking out a secured loan for the additional funds you wish to raise.

Benefits of a Secured Loan

We have access to lenders who will consider you for a Secured Loan even if you have had some credit issues.

We also have lenders that are more generous than High Street Building Societies with regards to the amount that they will allow you to borrow (they will consider secured loans of up to 6x your annual income).


We have second charge lenders with no upper age limits, in fact many of them will consider mortgages to age 80 or 85.


It is also possible to borrow up to 95% of the property value with a Homeowner Loan.

Benefits of a Re-Mortgage

Interest rates are currently at record lows, with five year fixed rates available from 1.83% (APRC 3.3%). 


There are packages available where you would qualify for free valuations and legals package and many of the lenders charge no product fee.  You could also take the opportunity whilst re-mortgaging to change the term of your mortgage or the repayment method.

Representative Example: Based on borrowing £40,000 over 15 years with 180 monthly repayments of £297.51 at 3.90% variable. Representative APRC 4.5%, total amount repayable £54,372. Includes a broker fee of £995 payable on completion and lender fees of £495.

*If you wish to take out a secured loan or re-mortgage to consolidate other non secured debts you should be aware that by taking the mortgage over a longer term, then you may pay back more in interest over the term.  


*Subject to status.

To find out further information on the Homeowner Loans we have to offer, please call us on 0800 988 7199

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Berkley Vittoria Independent Financial Services is authorised and regulated by the Financial Conduct Authority.  Our FCA number is 150186.  The FCA does not regulate most Buy to Let mortgages.  

Registered Office:  The Stirrups, Claypit Lane, Lichfield, Staffordshire, WS14 0AQ.  Registered in England and Wales No. 2667979


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