£50,000 secured loans
Royal Wootton Bassett loan broker

Secured Loan for £50000

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Let us show you the monthly payments on a £50,000 secured loan. We can help if you have a poor credit record, if you think you are on a blacklist or if you are self employed. A homeowner loan can be used for home improvements, an house extension or to pay off high rate credit or other high interest finance.

homeowner loan £50000   Homeowner Loans for £50000

secured loan for £50000

A £50000 secured loan can be used to pay off your existing credit cards and store cards as well as other personal loans. A bad credit file with arrears, defaults or CCJs does not mean you will not qualify.

Our products are not just for employed people. We can help if you are employed, part time or full time, or are self employed. A homeowner loan is just another way of saying a secured loan; they are the same thing.

50000 secured loan bad credit  What is a £50000 Secured Loan?

A secured loan is a loan that is secured on your property. This means that the lender has added security if you fail to keep up the repayments. When you take out a secured loan the lender puts a charge on your property so that it can take possession and sell it to get their money back if you default on the loan. This is why you need to be very sure that you are able to keep up the repayments.

With a personal loan, or unsecured loan, there is no automatic link to your home, although if you own your own home, unsecured lenders may be able to get a 'charging order' on your home which means they will have a call on the money from the sale of your house.

secured loan 50000 self employed  Why choose a secured loan?

There are several valid reasons to opt for a secured loan.

  • A secured loan can be cheaper for people with a poor credit record, as the lender has the added security of your property.
  • This means that they may be more likely to lend to someone with a bad credit history.
  • You may be able to borrow a larger amount with a secured loan - up to £75,000 depending on the value of your property and your other financial circumstances. The maximum for personal loans is £35,000.
  • You can choose to borrow over a longer period - normally from 5 years to 25 years. The maximum period for an unsecured loan is 7 years.

Can I get a £50000 Secured Loan?

At 1st Loan, we work with brokers who offer secured loans to people who have sufficient equity in their property and sufficient income to make the repayments. You can apply for a secured loan up to a maximum of £75,000, depending on the value of your home and the balance on your mortgage. You can apply for a £50000 homeowner loan today even if you have a poor or bad credit history.

How much will a £50000 homeowner loan cost me?

You need to complete the short application form to find out how much a £50000 secured loan will cost you.

At 1st Loan, we have strict guidelines in the way we do our business. the first step is that you complete our enquiry form. Please make sure you give accurate answers as this may delay your application. Once you have done this and sent it to us, we pass it to the loan broker. The broker will often contact you to ask more questions or to clarify certain things. Once this has been done, we will be in a position to know whether or not you qualify for a loan. You need to bear in mind that a loan may not be the best answer for you and you may be offered other financial products. Once you receive an offer, you will then be able to decide whether it is right for you and decide whether or not to accept. Note that we charge no upfront fees for giving advice.

Our primary aim is to provide a superb service, from submitting your application to dealing with the broker to receiving an loan offer. If we do not come up to your expectations, or you have any problems, please let us know so that we can rectify the situation.

Please make sure a secured loan is right for you before taking it out. You should always think very carefully before committing to any form of credit or borrowing money.

Financial Difficulties

If you're trying to manage existing debt or in financial difficulty, consider what your options are before you borrow. For further help on managing your money visit the Money Advice Service.

Secured Loan Enquiry Form

Complete your details below and one of our advisors will get back to you with a loan quote


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Please Read and Confirm

We only want you to apply for a loan if you’re sure you can repay it in full on your due date and still manage your other outgoings. Please tick here to confirm you have provided accurate financial information and considered potential future income and outgoings in determining your ability to repay.

Our brokerage service involves undertaking searches with our network of lending partners who may contact you in relation to your application.

This website is operated by its owners, information of who they are can be found within this website, and the broker will process your information. Please read our Privacy Statement and Terms for details of how the information you provide is processed and the terms and conditions. Please tick the box to confirm you have read and understood the Privacy Statement and Terms and are happy that some lenders may carry out credit searches to determine loan suitability.

Please indicate if you are happy for us to share your information with other carefully selected financial services organisations, other than those contacted from this application, so they can contact you about other products and services. This could be via telephone, SMS, post or e-mail. Please tick the box to opt in.

By submitting this form, you confirm you agree to our Terms & Privacy Statement

 


Who might need a £50000 secured loan?

  • I have bad credit
  • I am self employed
  • I am on a low income
  • I have a poor credit history
  • Vehicle loan for motorbike or caravan
  • I am on a blacklist
  • I want a low APR interest rate
  • I want a secured homeowner loan

Important Information

This is the bottom line. As a company, we only get paid if we successfully get your loan paid out. We will endeavour to find the most suitable loan or plan for your individual circumstances. We will do everything we can to get your loan paid out as quickly as possible.

If you are looking for a new loan to replace other forms of credit, such as credit cards, Hire Purchase or other loans, you are advised that the duration of the new loan will be longer or the total amount payable will be higher than your existing arrangements

Secured Loans: A broker fee of up to 12.5% will be added to secured loans.
THINK CAREFULLY BEFORE SECURING 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.

We offer loans throughout the UK

Contact us   Terms & conditions

Copyright © 2017. 1st Loan is a trading style of Joel Malach. We are authorised and regulated by the Financial Conduct Authority. Firm registration number 720851. Data Protection Licence Number: Z8904952. Registered Office: Warwick House, Lowes Road, Manchester. BL9 6PJ

1st Loan may receive a fee/commission for either referral or completion of your loan application.
1st Loan is not a lender but a licensed Credit Broker that has access to multiple lenders across the UK. We cannot lend you finance ourselves - only refer you to a lender who can.
1st Loan is an Introducer to SM Loans for secured loan business

1st Loan is a responsible broker, and as such, would not be able to help if you are looking for us to pay out a loan to someone who is unemployed or receiving benefits as a primary income, who is in financial difficulties or cannot afford to make full loan repayments.

Please see our Responsible Lending Code of Practice for further information or for contact details of organisations who can help people in financial difficulties
Please read our Treating Customers Fairly Policy which shows our commitment to treating our clients fairly and meeting their expectations of high quality service.

 

Secured Loans

Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC. Minimum Term 12 months. Maximum Term 300 months. Maximum APR charged 49.9%.

Where the loan recommended is a Secured Loan, security will be required on your home

This page provides information and advice for people who are looking for a £50,000 secured homeowner loan