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Do you know what secured loans can be used for?

Not sure on the uses of secured loans? Take a look below.

Author:
Helen Marshall

Published:
25 June 2019

Norton Broker Services specialise in secured loans – we like to think we've seen it all when it comes to second charges: the good, the bad and the ugly. We don't shy away from a case just because it may appear a little more complex than normal.

Our secured loan lenders will lend for any legal purpose, so we’ve seen a range of reasons for wanting to borrow money. We find that the most popular (common reason?) is consolidation, but we do get a wide range of reasons for customers wanting to borrow money – from home improvements or school fees, to purchasing a buy-to-let property or paying a personal tax bill.

There’s a world of opportunity when it comes to secured loans, which is why we’re always championing secured loans, because they’re so versatile. Secured loans can often still be an under rated tool when it comes to helping customers with their financial needs. We find some brokers do still shy away from them, when they are a great addition to their offering. If you are ever unsure, call the team, we’re happy to help!

Secured loans can be used for straightforward cases and complex cases. We have access to lenders that will facilitate a simultaneous completion of a first and second charge. Cases like this can be notoriously difficult to navigate, but with our experienced Customer Relation Managers (CRMs), delete we have been able to complete these cases and tackle any complications that may have risen along the way.

Don’t underestimate the power of a secured loan – they’re not just for customers with adverse credit, they’re so much more than that.

Tags: Second charge, secured loans, unsecured loans, mortgages, consolidation, credit card debt, debt consolidation, packager, home improvements, business p

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