Loan-to-value ratio – the more equity you have in your property, the more you should be able to borrow.
Your financial position – with a stable income, employment and good credit history, this should allow you to access cheap secured loan rates and maximise the amount you can borrow.
Value of your property – if you have a valuable property, this could help you access a large sum and competitive rates
Debt-to-income ratio – if you are not overloaded with other financial obligations in terms of credit cards and loans, this will help you get lower rates
Beware the advertised APRC – this is only available to 51% of successful customers and your rates may vary depending on factors mentioned above
Product Features
Borrow ?1,000 to ?1 million (or higher)
Rates from 3.34% APRC
Loan terms: 1 to 35 years
50% to 100% LTV available
What Are Types of Secured Loans and What Are They Used For?Continue reading
