A secured loan is a home loan, also called a homeowner loan; and is a loan that is secured against your home. Like a mortgage, it means that your home may be at risk of repossession if you are unable to make the monthly repayments on a secured loan.
As the loan is secured against your home, you can normally borrow higher amounts than through a personal loan (for example over £25,000).
A secured loan in Barnstaple or elsewhere in North Devon is often suitable if the amount you wish to borrow is large (for example over £25,000), or if you wish to repay it over a longer period. This is because many lenders will be happy to lend higher amounts for longer if the loan is secured against a property.
The Mortgage Hub specialise in arranging commercial loans in North Devon and business finance for a wide range of businesses from hotels, guest houses, care homes and healthcare, to shops and pubs. We can also arrange commercial loans and business finance for property development North Devon, should you wish.
Whether you are looking for a commercial mortgage to finance the purchase of a business, a commercial re-mortgage, or capital raising, The Mortgage Hub has access to a wide range of commercial mortgage and loan products to suit your requirements.
For an initial consultation, to discuss or apply for a commercial loan or mortgage please call 01271 379444 and speak to one of our commercial finance specialists or complete the contact form and one of our advisors will contact you.
Bridging Loans are short term loans which can be arranged quickly and effortlessly. They can be secured on residential properties, commercial properties, and on plots of land.
Bridging loans in Barnstaple and anywhere else in North Devon can be used for any purpose, but are traditionally seen as a way of securing a property purchase whilst your current property is sold.
Your bridging loan can be completed with the funds in your bank account within 7 to 10 working days. We can arrange loans from £10,000 – £2,000,000 over terms of 3 months to 1 year. Typically, loans are arranged over 6-12 months and rates start at 1% per month.
If you would like any more information on any of the loan services we provide then please get in contact with us.
Please feel free to contact us with your query and we will be able to advise you of your options.