£15,000 Secured Loans
Borrowers and homeowners often require additional funds released from the equity in their property. A £15,000 secured, or homeowner loan can help you with home improvements, debt consolidation or be used for practically any purpose you see fit.
Applying for a loan couldn't be easier, simply complete the form to the right and we'll call you back!
- Loans for any purpose - home improvements, business, consolidation, car etc
- Self cert secured loans available for the self employed
- Bad credit secured loans available
- Access to the whole market
Most lenders will require that you can afford the loan and meet their lending criteria which, after completing the enquiry form on the right we can let you know with a quick phone call.
One of the main stumbling blocks for people wanting a loan secured on their property is the loan to value or equity available to a new lender. Most if not all secured loan lenders will want sufficient equity in the property to ensure the loan can be accommodated within your property and due to the credit crunch most are restricting their lending to a total of 85% of the property value - or 85% loan to value, this would include other loans secured on the property such as your main mortgage. So a 15,000 loan will be worked out with the loan, plus any other finance secured against the property (such as your main mortgage).
£15,000 Loan payment examples
 |
7.9% | 11.9% |
|---|---|---|
| Monthly Payment | £114.78 | £109.41 |
| Term in years | 25 | 20 |
| Interest Charged | £19434.16 | £16258.94 |
| Total payable over term | £34434.16 | £26258.94 |
Who can get a secured loan?
Any homeowner can apply for secured loans, the loan will sit behind your main mortgage which is why they are often referred to as second charges or second mortgages.
- Employed
- Self Employed
- Home Improvements
- Debt Consolidation
- Car
- Credit Repair
- Holiday
- Property Extension
- Business Purposes
You can also apply for a secured loan of 15000 with bad credit, as a number of the lenders we deal with have products tailor made for borrowers with bad credit and can allow things like debt consolidation and credit repair for borrowers who have had credit problems.
A secured loan will be one of the cheapest forms of raising 15000 as the loan is secured against your property - whilst second charge loans do tend to be more costly than 1st charge mortgage funds they are definitely cheaper than unsecured loans and credit cards as the lender is more likely to be repaid due to the fact the secured loan (or 2nd charge) is secured against your property.
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