The UK's largest range of secured loans
- Loans from £1,000 to £2,500,000
- See your quote before you apply
- Quote won’t affect your credit score
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
A secured debt consolidation loan is secured against an asset (usually your home) and used to fold multiple debts into one, with more manageable monthly and/or overall costs. It’s also known as a debt consolidation mortgage. If you have outstanding loans, credit cards or other debts, it can often be difficult to manage and keep track of your ongoing repayments. By using a debt consolidation loan, you can merge your current debts and then only need to make repayments on the new loan.
Secured loans are a form of personal loan that use the equity you have in your home as security against the cost of the loan. This means that a secured loan represents less risk to the lender than a regular personal loan, so you’re more likely to be approved, and will also potentially get better rates and loan terms. If you fail to repay your loan, the lender can take ownership of your equity.
If you want to use a secured loan to consolidate debt, you’ll need to apply for a loan amount that covers the size of your existing debts. Once you’ve been approved for the loan, you can then use the funds to pay off all your existing debts. You then make repayments on the new loan until it has been paid off in full.
If possible, you should try to find a secured loan that offers a lower interest rate than your existing loans or debts, as this will help you save money on your repayments.
Yes, you can get a secured debt consolidation loan even if you have bad credit, and a secured loan may be the most suitable form of debt consolidation for those who have a poor credit history. As a secured loan is backed by the equity you have in your home, lenders see it as less of a risk than other types of loan, so you have a better chance of approval.
If you don’t own equity in your home, or don’t want to use it as security against a loan, you still have a couple of options when it comes to debt consolidation:
Find out what Bond ETFs are and how to invest in them.
Find out the difference between a credit score and a credit report, plus the factors that can push your score up and down.
In-depth guide to taking out a commercial mortgage to buy or refinance a hotel. Find out how to get the best rates, factors lenders consider and what you need to apply.
Find out if a bridging loan or commercial mortgage would suit you if you’re buying or refinancing commercial property and when a bridging loan can be a better option.
The best methods for getting your credit rating in top shape, and boosting your credit score.
See how to get a business loan as a limited company in the UK, and how much you can borrow.
Find out how to get a loan if you work for yourself, including which lenders offer business loans for sole traders.
Learn more about the new government scheme that allows first-time buyers and home movers to get on the property ladder.
Learn everything you need to know about chain break finance – a type of bridging loan that stops you losing your dream home if the sale of your existing one falls through.
Everything you need to know about commercial bridging loans. We look at when they’re useful, how they work and what to be aware of before taking one out.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.