Give your home some much-needed TLC with a Secured Loan

Your Expert Trust Pilot

What is a Secured Loan?

A secured loan, also referred to as a homeowner loan or second charge mortgage, is tailored specifically for property owners. In this arrangement, your property serves as collateral, providing a safety net for the lender.

As a result, approval for a secured loan is more probable, even if your credit score isn’t perfect. Additionally, you might qualify to borrow more money compared to what’s typically available with an unsecured loan.

Can a Secured Loan be used to upgrade my home?

  • Yes! Borrow up to 95% of the Loan to Value of your home
  • Spread repayments over a term to make the repayments affordable
  • Achieve those home renovation goals

Homeowner loans are secured against your property, which means your home serves as collateral. It’s important to understand that if you fail to keep up with the payments on your secured loan or mortgage, your home could be at risk.

Also, consider that consolidating your debts may extend the repayment period and increase the total amount you end up paying.

As a broker, we facilitate secured loans through a range of lenders and earn a commission upon the completion of a loan. The quotes we provide include the Broker Fee and all related costs, which amount to 10% of the net loan value, with a maximum cap of £5,000. All loans are subject to approval and depend on your individual financial circumstances, which can also affect the interest rate you are offered.

How do I get a Home Renovation Loan?

Hit “GET A QUOTE” and submit your details

Our experts will reach out with quotes for you

Complete the application and receive funds

Is a secured loan right for me?

Choosing the appropriate loan is crucial and varies based on your personal situation. It’s important to carefully consider this decision because failing to make repayments could jeopardize your home.

However, there are several reasons why a secured loan might be a suitable option for you:

Borrow more

Unlike an unsecured loan you can borrow up to £500,000.

Reduce interest rates

Securing your loan with your home could allow you to benefit from more favorable interest rates.

Spread the loan over a longer period

You can spread your repayments over 3 to 30 years with Your Expert Loans. Longer loan terms can mean lower monthly repayments, but you may end up paying more interest in total. 

Bad credit accepted

You may be eligible for a secured loan even with a less-than-perfect credit score, as your property offsets the risk from the lender’s perspective.

How much can I borrow with a secured loan?

Your Expert Secured Loans range from £10,000 to £500,000. How much you can borrow will depend on the lender’s criteria, your credit history, house value, and equity in your property i.e., the portion you own outright.

Our secured loan lenders

We can search the whole market to save you hassle from going lender to lender

how it works

Your Expert Loans approach
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Complete our initial application

Get an offer in principle

Complete final application

Receive your funds


Frequently Asked Questions about Secured Loans that come into the team.

When you apply for a secured loan, you’ll normally need to provide:

 •  your application form 
 •  proof of homeownership 
 •  proof of address for the previous three years 
 •  proof of income and outgoings (e.g., bank statements)

Yes, you may still be able to get a secured loan. There’s no specific credit score needed. Plus, secured loan lenders tend to place less emphasis on your credit score (compared to unsecured lenders), as your asset reduces the risk of them not getting their money back.

There are also some lenders and brokers who specialise in helping those with less-than-perfect credit scores to find finance.

There’s no specific credit score required for a secured loan. With the loan secured against your home, you are more likely to be accepted despite having a lower credit score.

However, having a higher credit score does further increase your chances of being accepted and receiving better interest rates.

There are also some lenders and brokers who specialise in helping those with less-than-perfect credit scores to find finance.

A secured loan can help your credit score if you pay it on time, every time. Doing so will show lenders that you are a responsible borrower who can manage finances well.

By the same token, if you fall behind with repayments, your credit score will be impacted.

If your financial situation changes for the better or you want to move house, you may decide to pay off your secured loan early. You should be able to do so, but early repayment charges may apply in some cases.

Secured loans enable you to borrow more money with lower interest rates (compared to unsecured loans), even if you have less-than-perfect credit.

However, you need to be confident that you can afford the loan repayments, as your home is used as security.

Re-mortgaging is often seen as an alternative to getting a secured loan. The best option for you will depend on your individual circumstances the cost involved and if your current mortgage is in a fixed rate or not. In all cases, you are borrowing money against your home, which means it could be at risk if you don’t stick to the repayments.

If you sell your home with a secured loan on it, there may be a couple of options available to you:

  • Repay the loan early using the proceeds of the house sale. However, this could mean paying Early Repayment Charges.
  • Alternatively, you might be able to transfer the loan to your new property.

Each lender will have their own policies referenced in their terms.

You may be able to get a secured loan against your car with a different provider – though this can be expensive and the lender could repossess your car if you don’t stick to the repayments. Here at Your Expert Loans, we provide secured loans that use only your property (not your car) as security.

It’s worth weighing up the alternatives so you make the right choice for your individual needs and circumstances.


Re-mortgaging is the process of switching your current mortgage to a new deal – sometimes with the option to borrow extra cash against your property for other purposes. Our qualified mortgage advisers would take all circumstances into consideration to find the most suitable solution for you.

Personal loan

A personal loan (or unsecured loan) is a lump sum of cash that you repay in monthly repayments over a set period. Unlike a secured loan, it isn’t tied to an asset. However, loan amounts tend to be smaller, and the best rates are usually reserved for those with the highest credit scores.

Credit card

If you only need to borrow a small amount, you may prefer to use a credit card. Just be aware that credit cards usually come with interest – and at a higher rate than most loans. If you are approved for a 0% interest credit card, make sure you clear the balance before your interest-free introductory period ends.

Guarantor loan

Guarantor loans are designed for people with bad or thin credit histories. With these types of loans, you ask someone you trust to act as your guarantor – this means that they will be legally responsible for paying the debt if you do not meet the repayments. A guarantor would typically be aged 21-75 years and should have a good credit history. With this added safety net, the lender may be more willing to accept your application. However, guarantor loans tend to come with higher interest rates than some other loans.

You may find it easier to get approved for a secured loan based on your circumstances. While for unsecured loans lenders place a significant emphasis on your credit history, a secured loan may be easier to get, as it is associated with the collateral you provide as security, such as your home.