ICF Financial Services

01482 638 300

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Secured Loans

A secured loan can be an effective way of raising finance without affecting your existing mortgage. A key reason for choosing this type of loan is that it is secured against your property so the lender assesses this as being of lower risk than others available in the market.

Secured Loans

A secured loan can be an effective way of raising finance without affecting your existing mortgage. A key reason for choosing this type of loan is that it is secured against your property so the lender assesses this as being of lower risk than others available in the market.

As a result of the credit crunch, loans are generally more difficult to obtain but by offering your property as security, secured loans can be easier to obtain than others. A secured loan often allows you to borrow larger amounts than would otherwise be available, say via a personal loan from your bank, and to repay the loan over a longer period, up to say 20 years. As there is less risk for the lender the interest rates are usually lower than the APR on an unsecured loan.

Secured loans can be used to release equity for almost any legal purpose, are quicker to complete than a full residential mortgage and they have more generous income criteria in the calculation of affordability.

Because of the secured element of this product they can be made available to people who have not got a perfect credit record. Even if you don't own your home outright you may still apply for a secured loan.

Call us on 01482 638300, or e-mail chris@icf-fs.co.uk, to discuss your needs.

Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £350.

ICF Financial Services Ltd is a Credit Broker and not a lender and any fees are charged solely for Credit Broking Services, not lending services.

ICF acts as an introducer in the secured loan market, we use specialist brokers to ensure our clients have access to the widest possible market.

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Get in touch

ICF Financial Services
2 Redcliff Road,
Melton, East Yorkshire,
HU14 3RS

Tel: 01482 638300
Fax: 01482 638302

ICF Financial Services/Alan Bell Mortgages
58 Flamborough Road,
Bridlington,
East Yorkshire, YO15 2JN

Tel: 01262 213333
Fax 01262 333471

ICF Financial Services
Medina House,
2 Station Avenue,
Bridlington, YO16 4LZ

Tel: 01262 602456
Email: info@icf-fs.co.uk