Top tips for secured loan deals…
Helping to get the best secured loan available to you
If you are looking for a secured loan, it’s important to get the best deal possible, and with ever increasing interest rates and rising household bills, it’s more important now than ever.
Start by using one of the UK’s most accurate secured loan finders
Using our industry leading DirectQuote system your best secured loan rate options are just a few clicks away. It’s a real-time process that’s fast, secure, accurate and won’t affect your credit score
- Best available rates – UK wide search
- Free service – no obligation
- FAST, EASY – and no credit check
- Secure online process – expert advice
5 top tips for secured loans
There are a few simple things to consider when applying for a secured loan…
1
Work out how much you want to borrow
Work out exactly how much you need to borrow and for how long, whether it is for home improvements, debt consolidation or a luxury holiday.
2
Get a valuation and find out how much equity you have in your home
The more equity you have the better your options will be, and also the lower the loan to value (LTV). Get a valuation from an estate agent to find out your home’s value. If you owe £100,000 on your mortgage and your property is now valued at £180,000, you have £80,000 equity.
3
Sort all your documentation
You will typically need to provide the lender with some key documentation such as proof of identity (passport or drivers license), proof of employment status (payslip, accountant’s details or SA302), proof of income (payslip, bank statement, accountant’s details or SA302) and proof of address and ownership (utility bill or mortgage bill).
4
Don’t miss or make late payments
If you’ve not already done so, set up a direct debit on your credit cards so you’re never late with repayments.
5
Check your credit file
Get a copy of your credit file from a credit reference agency, like Equifax. When you receive your file, check it for any errors. If you believe your file is wrong, ask the agency to correct it.
Speak to a secured loan expert
If all this sounds a little daunting, don’t worry, our loan experts are on hand to answer any questions you may have and help you find the right secured loan for you.
Call 0800 029 1671
Why choose a secured loan?
There are many reasons for choosing a secured loan – maybe you don’t want to remortgage as you have a great deal with your mortgage provider that you don’t want to lose, or you want to avoid costly early repayment charges that remortgaging could bring, or maybe you want to consolidate expensive loans and credit cards with one simple monthly repayment?
Whatever the reason, we’re here to help make sure you get the right secured loan for you, with all the help and expert advice you need. And what’s more – it’s a FREE service.
3 possible reasons for a secured loan
Borrow a large amount
With a secured loan you can usually borrow a larger sum of money than you would be able to with an unsecured loan.
Consolidate expensive loans & credit cards
Pay off your debts including credit cards, store cards, personal loans and overdrafts with one simple and easy to manage monthly repayment.
Home improvement
A home improvement secured loan can be a cheaper way of funding improvement than taking out an unsecured loan or maxing out your credit cards.
What paperwork will I need?
Applying for a secured loan you will typically need the following paperwork:
- Proof of income (your last three months’ payslips, or two to three years’ accounts if self-employed).
- Three months’ worth of bank statements
- Proof of any bonuses or commission you have received
- Your latest P60 tax form
- SA302 tax return forms, (mainly for the self-employed)
Why not see the best possible secured loan rates available to you…
through DirectQuote
Search for the best secured loan rates with DirectQuote, and you’ll have access to a system that’s on its own as a search tool. Click ‘Find my best deal’ to complete some details, and within minutes you’ll see a range of loan rate and repayment options that are tailored to your needs. The results are seen in real-time, and are the latest figures from a whole-of-market UK loan search.
A search that can deliver the best results for you
Deal Direct has helped thousands of customers source the very best loan rates, not only through the accurate and UK-wide search it provides, but because the DirectQuote system can take your application through to completion with utmost efficiency. You’ll have complete confidence at every stage and all the support you need from our experienced team of secured loan specialists.
Compare the best available loan rates from UK lenders
We’re more than just a loan broker.
With Deal Direct, you don’t just get a leading UK secured loan broker, you get a dedicated team of professionals to support your application from start to finish. We build trust and we act for each and every customer to ensure the product, the rate and the deal as a whole is the best it can possibly be. We’re immensely proud of our 5 star customer rating, and of each and every individual review.
Some straightforward secured loan rate advice…
1
Search the whole of UK market
Getting the best secured loan rate relies on the ability to search far and wide to get the best options, with up-to-the-minute loan rates and repayments.
3
Trust a process designed for you
From application right through to completion, our application process removes stress, delays and complications, so everything is straightforward.
2
Impartial advice means confidence
Deal Direct’s loan experts are on hand to help you make all the right decisions for your future financial security with complete impartiality.
4
Don’t wait to apply
It costs nothing to apply, not even a credit search. If you think you want to consider a secured loan, it’s a good idea to start now so you have time to plan wisely.
Experience 5 Star Customer Service with Deal Direct
Efficient & professional service
From the first contact, we had enquiring about types of mortgages to the final contact receiving confirmation that the funds had been released, the advisors were knowledgeable and professional. Responses to all our queries were always quick & comprehensive. Great service.
If you have any questions about your application, please do not hesitate to call and speak to a member of our loans team, we’ll be happy to help.
Call 0800 029 1671
Excellence in mortgages since 2005