Compare secured loans

Use the equity in your property to access more competitive rates and better loan terms.

Data updated regularly
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Repayments
Paragon Personal Finance Prime Rate Secured Loan
65%
£30,000 to £500,000
10 to 30 years
3.6% APRC
£452.65
(£59,749.44 overall)
Selina Selina FlexiLoan
65%
£25,000 to £1,000,000
5 to 25 years
4.1% APRC
£467.54
(£61,715.28 overall)
United Trust Bank Ltd Secured Loan
65%
£125,001 to £500,000
3 to 30 years
4.3% APRC
Not available for requested amount/term
Shawbrook Variable Secured Loan
65%
£10,000 to £500,000
3 to 25 years
4.5% APRC
£466.97
(£61,640.54 overall)
Shawbrook Fixed Secured Loan
65%
£10,000 to £500,000
3 to 25 years
4.7% APRC
£471.75
(£62,271.54 overall)
Masthaven Bank Flexible Secured Loan
70%
£10,000 to £150,000
3 to 35 years
4.9% APRC
£468.58
(£61,852.82 overall)
Optimum Credit Prime Rate Secured Loan
50%
£7,500 to £200,000
3 to 30 years
5.1% APRC
£475.78
(£62,803.49 overall)
Equifinance Standard Secured Loan
60%
£5,000 to £150,000
3 to 25 years
9.5% APRC
£578.76
(£76,396.86 overall)
Equifinance Adverse Secured Loan
60%
£5,000 to £150,000
3 to 25 years
10.2% APRC
£595.16
(£78,561.54 overall)
Clearly Loans Exclusive Secured Loan
75%
£5,000 to £100,000
4 to 20 years
10.7% APRC
£583.95
(£77,080.9 overall)
Clearly Loans Exclusive High LTV Secured Loan
80%
£5,000 to £100,000
4 to 20 years
11.6% APRC
£604.47
(£79,789.6 overall)
Norton Fast Track Secured Loan
75%
£3,000 to £100,000
1 to 25 years
12% APRC
£613.14
(£80,933.83 overall)
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Overall representative example
If you borrowed £35,000 over a 14-year term at 8.95% p.a. (variable), you would make 168 monthly payments of £418.88 and pay £70,371.84 overall, which includes interest of £30,326.84, a broker fee of £3,550.00 and a lender fee of £995.00. The overall cost for comparison is 11.8% APRC representative.

What are secured loans?

Loans secured against a property, also known as homeowner loans or second-charge mortgages, allow homeowners with a mortgage to use the equity in their home as security to borrow larger amounts (over £10,000) or to borrow at more competitive rates.

There’s a little extra admin involved – like verifying the value of the property and the extent of any other borrowing secured against it – which can eat into lenders’ margins, making smaller loans less appealing. The process takes a little longer than an unsecured loan (perhaps a few weeks rather than a few days) but since there usually aren’t solicitors involved, it’s still typically faster than a regular mortgage would be. No offence, solicitors.

Pros and cons of homeowner loans

  • Because the security you put forward r