Choosing the right secured loan
Finding the right secured loan product depends on several factors including the interest rate charged, loan to value, broker fees and how the loan is structured. We’re experts in crafting the perfect loan for our clients needs. We do this all day, every day and are here to help.
How do secured loans work?
Secured loans allow you to raise finance quickly. Here’s how they work:
Borrow up to 90% LTV
Secured loan lenders offer loans up to 80% of the security value, with the remaining 10% being made up of existing equity.
Make your agreed repayments
Secured loans can be taken over a term of 1-25 years, with repayments made either monthly or quarterly.
Regularly review your loan
Once your loan is setup and repayments are being made, we will work with you to stay on top of your finances through regular reviews to make sure you’ve always got the best deal.
What factors affect the cost of a secured loan?
How much your secured loan will cost you will depend on several factors, the main ones are:
- Loan to value – Your LTV will impact your secured loan rate with lower LTV loans usually benefitting from the lowest rates.
- Broker fees – Broker fees can significantly add to the cost of secured loans. Some brokers charge fees of 12.5% of the loan, we charge just £995.
- Credit history – Borrowers with a clean credit history may qualify for lower rates.
While these factors will impact the cost of your loan, we always work with you to secure the best possible terms. On top of these factors, which impact your interest rate, other methods can be used to impact your total loan cost.
How Can I Get The Best Deal On A Secured Loan?
Our simple process allows you to find the best deal for your circumstances in 3 easy steps:
Talk to an expert
Call us or fill in our form to get a call back from one of our secured loan experts. We’ll talk through your situation and look to understand what you need.
We find you the best deal
We’ll then talk to lenders and negotiate on your behalf to find you the best deal. Once we have it, we’ll issue written terms to you and explain everything in simple terms.
We get started!
Once you’re happy with a product, we can start the application process. We’re on hand to help, and can handle most of the process for you.
What should I consider before taking out a secured loan
Before taking out secured loan, you should consider the following:
- Best products: Is a secured loan the best option or could a remortgage work out cheaper? We always check this for you.
- Interest rates: Secured loan rates can vary by large amounts, getting a low rate can mean big savings.
- Loan term: How long you borrow the money over can have a big impact on your monthly repayments and total interest cost.
Get started – talk to an expert
Access the whole market
We work with lenders across the market which means that we can offer the best deals to our clients and can often offer terms even if you’ve been turned down elsewhere.
Get free expert advice
Fill in the form to talk to an expert and we’ll give you a call back quickly. We’ll talk through your circumstances and advise you on the best way to proceed.
We work for you
We work for you, not the lender. Our job is to make sure that you get the best possible deal with minimal fuss by assigning you a dedicated case manager.
Low broker fees
We never charge upfront fees and only charge a fixed £995 broker fee when the loan completes and you have your money.
Meet our family management team
Although ABC Finance Limited was established on the turn of the century in 2000 there are many more years of experience involved in the business. This vast experience is the reason we are so successful in arranging finance for the rapidly growing panel of Brokers and clients nationwide who work with us. The company is a family business run on a day to day basis by the people below and all staff members are carefully selected to meet the high standards expected. Our clients and introducers will receive a friendly welcome as one would expect from a family business.
As a well-respected FCA finance broker, we put our customers’ interests ahead of our own. We work hard to ensure that we are always treating customers fairly and providing the best possible customer outcomes.
As our business continues to grow, we remain focused on maintaining our family business mentality of caring for our customers.
In an effort to raise our standards further, we joined FIBA (The Financial Intermediary and Broker Association) – membership is voluntary and designed to raise standards in the finance industry.
Peter Hemming possesses a lifetime of experience in business and commercial finance. He founded ABC Finance Ltd in 2000 and since that time has built a powerful team of specialists. We Make Finance Easy has always been Peter’s motto – to find the right finance however difficult it may appear.
Gary Hemming started his working life at ABC Finance, but then moved to London for a period of time – in doing so furthering his skills and development at some of the UK’s most established firms. He returned to ABC Finance in 2010 and now plays a vital role in the family management team.
Lee Hemming has built a wealth of knowledge and expertise within the commercial finance sector and has sat on the family management team since 2007. His advanced understanding of commercial finance ensures the entire process runs efficiently from enquiry through to completion.