Borrow £10k–£1.5m at up to 50% lower broker fees.
We compare thousands of plans across the specialist secured loan market to find you lower rates. Keep your existing mortgage. Consolidate debts or raise funds. Your adviser handles everything.
What is a secured loan?
Also called a second charge mortgage or homeowner loan, it's all the same thing. You borrow money using your home as security. Because there's security, lenders offer more money at lower rates than unsecured loans.
Unlike a remortgage, a secured loan sits alongside your existing mortgage. You keep your current deal and don't need to change it.
This is particularly useful if you're on a low rate you don't want to lose, or if you'd face early repayment charges for remortgaging.
It's also a common choice for debt consolidation, since many first charge mortgage lenders restrict this as a purpose.
Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Make sure the monthly payments are comfortable for you before going ahead.
Secured loans are regulated by the Financial Conduct Authority (FCA). Applications are handled by Loan.co.uk, which is authorised and regulated by the FCA. You're protected by strict rules on fair treatment, clear information, and responsible lending.
Secured vs Unsecured
How they compare
Secured Loan
Personal Loan
For larger amounts over longer terms, secured loans offer
What you can use a secured loan for
Secured loans are flexible. Use the funds for almost any purpose. Here are the most popular reasons people borrow.
Debt consolidation
Combine multiple debts into one lower monthly payment. Make managing your finances easier and save money on interest.
Home improvements
New kitchen, extension, or loft conversion. Boost your home's value and create the space you need.
Major purchases
New car, caravan, boat, or other big-ticket items. Spread the cost over a longer term with lower monthly payments.
Property deposit
Raise a deposit for a buy-to-let or second property. Release equity from your current home to invest in another.
Tax bills
Unexpected tax bill? Spread it over monthly payments instead of paying it all at once and avoid HMRC penalties.
Weddings & events
Make your special day everything you dreamed of. Spread the cost of a wedding, milestone birthday, or family celebration.
Other reasons people use secured loans:
Why choose a secured loan?
If you're a homeowner, a secured loan offers advantages that personal loans can't match. Here's what makes them worth considering.
Borrow more
Secured loans go up to £1.5 million, depending on your equity. Personal loans cap at around £25,000.
Lower rates
Because the loan is secured against your property, lenders offer lower rates than unsecured alternatives, so you pay less each month.
Keep your existing mortgage
A secured loan sits alongside your current mortgage. You don't give up a competitive rate or pay early repayment charges to remortgage.
Longer repayment terms
Spread your borrowing over 3 to 30 years. Longer terms mean lower monthly payments, making larger amounts more manageable.
More flexible with credit history
Because the loan is secured, lenders can be more open to applications where credit history isn't perfect. Options are often available where personal loans would be declined.
Built for debt consolidation
Many first charge mortgage lenders restrict debt consolidation. Secured loans are designed for exactly this, giving you options when remortgaging isn't available.
Three steps to your secured loan
It's straightforward. Here's what happens when you use Albot.
Quick questions
Tell us about your home, how much you're borrowing, and what it's for. Takes 90 seconds.
⏱ 90 secondsSee your options
Albot searches the specialist secured loan market and shows you what's available for your situation.
⚡ Instant resultsExpert adviser handles it
A qualified adviser from Loan.co.uk reviews everything with you and handles the full application.
👤 FCA regulatedFaster, clearer, better rates
We combine speed with expert advisers to find you the right secured loan at a lower cost.
Instant comparison
Thousands of plans compared in seconds, not days. AI-powered matching finds your best options fast.
Expert support
Qualified advisers at Loan.co.uk handle your application. They're authorised and regulated by the FCA.
Total transparency
All costs shown upfront. No hidden charges, no confusing small print.
No credit footprint
Checking your options uses a soft search. It won't show up on your credit file or be visible to other lenders.
Common questions about secured loans
Everything you need to know before you borrow.
How much can I borrow with a secured loan?
Typically from £10,000 up to £1.5 million or more. It depends on your property equity and what you can afford. Lenders look at your property value, outstanding mortgage, income, and outgoings. The average secured loan is around £50,000.
Will a secured loan affect my existing mortgage?
No. A secured loan sits alongside your existing mortgage as a "second charge". You keep your current mortgage deal exactly as it is. This is particularly useful if you're on a good rate you don't want to lose, or if remortgaging would mean paying early repayment charges.
What can I use a secured loan for?
Almost anything. Common reasons include debt consolidation, home improvements, large purchases, property deposits, tax bills, weddings, and school fees. Debt consolidation is particularly popular because many first charge mortgage lenders restrict it as a purpose.
Can I get a secured loan with a less than perfect credit score?
Yes. Because the loan is secured against your property, lenders can often be more flexible about credit history. Many specialist lenders consider applications from people with missed payments, CCJs, defaults, or other credit issues. Rates may be higher, but options are often available where personal loans would be declined.
How long does it take to get a secured loan?
Typically 2-4 weeks from application to funds, though it can sometimes be faster. The process includes a property valuation and legal work. You'll see your options straight away with Albot, and completion depends on how quickly valuations and paperwork are processed.
What happens if I can't keep up repayments?
Your home may be repossessed if you do not keep up repayments on your mortgage. Lenders will usually try to work with you if you're having difficulties, so it's important to contact them early if you have any problems. Only borrow what you can afford.
Check your options in 90 seconds
See what you can borrow. No commitment, no credit check, no upfront fees.
Get my free quoteRepresentative Example (Secured Loans & Second Charge Mortgages)
If you borrow £18,000 over 10 years, initially on a fixed rate for 5 years at 7.4% and for the remaining 5 years on the lender's standard variable rate of 7.9%, you would make 60 monthly payments of £249.27 and 60 monthly payments of £254.63. The total amount of credit is £19,657 (including a lender fee of £595 and a broker fee of £1,062). The total amount repayable would be £30,234. The overall cost for comparison is 10.42% APRC representative. This means 51% or more of customers receive this rate or better for this type of product.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to Loan.co.uk Ltd, which acts as a credit broker, not a lender. Rates are subject to status, affordability checks and lender criteria.