What are they?
If you have a mortgage on your home and you want to raise money, a secured loan can be a better option than remortgaging or taking out a personal loan. You could potentially raise more money and get a better deal on repayments. CPC Finance can advise you on the different secured loans on offer from specialist lenders and ensure that you get the best deal for your circumstances.
Secured loans sit behind the existing mortgage, meaning that there are no exit fees to the existing mortgage.
Who are they for?
Residential secured loans are for homeowners who already have a first charge mortgage in place and want to release equity from their property.
If your requirements are not covered above we may still be able to help. Get in touch today to discuss your case.
Secured loans benefit people who would lose good mortgage deals by remortgaging
There are generally no early repayment charges on secured loans so you can pay back secured loans at the rate that suits you
Secured loans can help improve your credit rating and could release more equity than you would be able to access with a personal loan