LOOKING FOR A CHEAP LOAN

Secured Loans - £10,000 to £1 Million.
CCJ's, Defaults and Mortgage Arrears.
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CONTACT US NOW FOR ADVICE AND A QUOTE

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WHAT WE DO

We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

SECURED LOAN LENDERS

(not all lenders displayed - not specific to your personal circumstances)

Customer Reviews

THE ACTUAL RATE AVAILIABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

LOANS MAY BE SECURED ON YOUR HOME. YOU WILL HAVE TO PAY EARLY REDEMPTION CHARGES THIS WILL VARY. A VARIABLE RATE LOAN MAY GO UP OR DOWN IN LINE WITH THE BANK OF ENGLAND BASE RATE. 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.

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.

WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEY ADVICE SERVICE.

FREQUENTLY ASKED QUESTIONS

How we work?
By making an enquiry we will contact you to discuss your needs and outline if we can be of assistance. We will then request a copy of your credit file and this will be passed to a qualified adviser to review and give you advice and discuss possible quotations. If you wish us to proceed and get a ‘Decision in Principle’ we can do so. Once we have a decision from the lender we will discuss and email you a formal quotation and outline the process from there.
What is a homeowner loan?
This is a loan secured on your property as you are a homeowner. As the loan is secured upon the property lenders are more willing to provide cheaper rates when compared to unsecured loans and additionally can lend you more money over a longer term.
Can you get a secured loan with a bad credit history?
Yes. If you have had bad credit in the form of mortgage arrears, defaults, county court judgements, IVA and payday loans we have lenders that can help providing you have enough equity and can clearly afford any new borrowing.
How much can I borrow?
Secured loan lenders provide loans from £10,000 to £750,000. This depends upon your credit profile, equity in the property and affordability.
Why take out a secured loan rather than a remortgage?
We will always explore both options to ensure you get the right advice. Here are some reasons why a secured loan is more suitable, when compared to a remortgage:
  • Your main mortgage is at a low rate and any remortgage will be at a higher rate.
  • Your main mortgage has a large early repayment charge if you were to redeem this.
  • Your main mortgage has a long term left, whereas you want to borrow £XX over a shorter term to pay off quicker.
  • Your credit profile may mean a remortgage is not possible.
I have been declined in the past – can you help?
The key to this question is why you were declined. We provide an advised service, so if we cannot help you now we will explain why and provide advice as to what you need to do to be able to get a loan in the future.
How quickly can I get a secured loan?
Typical completion time from application is between 4 – 6 weeks.
What loan purposes do you accept?
Most legal purposes are allowed.

Cheap Loans for Bad Credit

Searching for a cheap loan or one of the cheapest loans online can be quite a daunting process considering how many lenders there currently are on the market offering cheap loans. It could also take hours or even days of comparing cheap loans online to find the most suitable loan for you.

The Money Hub can assist you in finding a cheap loan that is suited to your personal situation. The rate of interest that you might be offered will depend on such factors such as your credit history, the better your credit history the more likely you are in getting one of the cheapest loan rates. If you have a poor credit rating, do not worry we will do our best to help you find a good deal.

The Money Hub can help both homeowners and tenants from £1,000 up to £500,000 and you can arrange a loan repayment term between 12 months and 25 years.

If you own your home and are thinking about taking out a cheap homeowner loan, this is a great way of raising money by releasing equity in your property for various reasons. Cheap loans are also an excellent choice if you are thinking about making some improvements to your home and need a bit of extra cash to create the home you have always wanted!

There are many reasons as to why you may be thinking out taking out a cheap loan, here are some examples:

  • Home Improvement Loan - New Kitchen / Bathroom / Extension / Loft Conversion / General Improvements.
  • Family Holiday / Round-the-World Trip / Gap Year Travelling.
  • Debt Consolidation - Combining some or all of your outstanding debts into one affordable monthly payment.
  • Loan for your business - New company start up or maybe you are looking to expand your existing business.
  • New Car.

You must never forget that obtaining a cheap loan or any form of loan, is a very important decision that requires lengthy consideration. There may be some questions that you might like to ask your advisor when applying for your cheap loan. Some of these may include:

  • Will I have to pay a fee for applying for my cheap loan?
  • I have been declined previously; will I be able to re-apply?
  • Am I able to postpone my monthly repayments on my cheap loan for a month or perhaps two?
  • If I were to enter into any sort of financial difficulty what would happen if I missed a few payments?

PLEASE WAIT

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