Fish4Mortgage is located in Weston-super-Mare, Somerset & is the area’s leading Mortgage Broker with over 25 years of knowledge in the field. We specialise in many areas including re-mortgages, first time buyers, commercial mortgages, general insurance & secured loans. Explore our website to find out more information & also go ahead & use our Mortgage Calculator to see what deals are available to you.
What is a secured loan?
A secured loan is like a second mortgage that sits behind your main mortgage on the property that you own, in many cases most home owners would re-mortgage their property to raise extra capital however if your main mortgage is on a low rate of interest or you are tied in to your current lender then a secured loan may be an option.
If you are considering a secured loan it pays to shop around, most providers add on arrangement fees which cover the loan set up costs, valuation and legal fees, the plus factor about secured loans is that if you wish to redeem them early then they is a maximum of one month’s interest to pay as a penalty.