If you are a homeowner seeking an affordable borrowing option, you might want to consider a secured Picture loan. Particularly if you have a less than perfect credit rating, and have found difficulties in the past in applying for a loan, as when you offer a lender collateral for a loan, usually your house, you reduce the risk you present as a potential loan candidate. In return, you will generally be offered more attractive rates and more flexible loan terms than you might be offered for an unsecured loan .
With a Picture loan you can borrow at their typical APR of 8.40% for almost any purpose. If you are looking to consolidate large amounts of unsecured debts into one lower monthly payment, taking advantage of the flexible repayment options will allow you to keep your monthly outgoings as low as possible. You can borrow over 5 to 25 years, and depending on your personal circumstances, may be eligible to borrow up to 125% the value of your home less any outstanding mortgage and secured debts.
Taking out a loan against your house is a serious decision. It is vital to get the most competitive rates available on a secured loan, because in the event that you should fail to keep up with your repayments, the lender has the legal right to repossess your home to settle the debt. To compare Picture loan products with the most reasonable deals currently available in the UK, complete the form on this page for an independent, fast comparison of the market’s most affordable secured loans .