Collateral Loans Against Property | Apply Now

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Collateral Loans –
Borrow Money Against
Your Home

Collateral Loans for All Credit Ratings

Welcome to the Badger Loans Collateral Lending Page for Homeowners

You may have arrived here looking to refinance jewellery or a classic car. Unfortunately we no longer have anyone on our panel who can help with secured loans against valuable items. If It’s jewellery you have then we suggest a pawn broker and if it’s any other type of item it’s another search engine query. Collateral loans can also be known as secured loans.

However, if your collateral or asset is your home then you have come to the right place!

Please be mindful the following is for HOMEOWNERS ONLY:

We have partnered with a direct lender in the form of Norwich Trust who will do a homeowner loan which is UNSECURED. That means if you default on the payments your home will not be taken from you. You must be a homeowner to access these deals.

Norwich Trust – unsecured loans for Homeowners

Our UK Homeowner deal is via Norwich Trust who are a direct lender and have a fantastic deal for Homeowners which is an unsecured loan. BUT you MUST be a homeowner to qualify and you will be asked to prove it. Here’s the deal:

Borrow between £3,000-£20,000 over 36-120 months or to put it another way you can borrow the money from between 3 and 10 years (subject to loan value). The Representative APR for this deal is 26.9%. Go to the link here: Norwich Trust Unsecured Loans for Homeowners

Remember that one of the biggest advantages of this loan is that it’s unsecured. That means if for whatever reason you can’t repay the loan, you will not have your home repossessed as a result. You might pay slightly more for this loan as it is unsecured but what price the safety of knowing your home is not at risk if you can’t keep up the repayments?

All of the information below is purely for information purposes only and we cannot help you with any other types of loans against anything other than a property. However, the info below is relevant to collateral loans from other brokers and lenders so we felt it best to leave it there so you have more than one opinion to cross-check.

Key Features

  • Repay over 1 to 25 years
  • Use collateral to borrow money
  • No guarantor required

What Can I Use for Collateral Loans?

  • Houses and flats, property

Types of Collateral Loans

  • Debt consolidation loans
  • Homeowner loans
  • Second charge loans
  • Secured loans

What is the Eligibility for a Collateral Loan?

  • Over 18 years of age
  • Full-time UK resident
  • Can provide proof of ownership
  • Employed and earning a regular income
  • Able to afford repayments

What Information Do I Need to Apply?

When you apply for a collateral loan, you will usually undergo a few more checks than a regular unsecured loan. This is because you will need to provide proof of ownership of the collateral. A land registry check will usually be performed.

If it is a property, the lender will need to verify your ownership and you may need to provide recent utility bills. The lender will organise a chartered surveyor to provide an up-to-date valuation of your property too.

How Much Can I Borrow with Collateral Loans?

The amount you can borrow with collateral will depend on the value of your property. If you are looking to use a property, it will depend on how much equity you have. Your outstanding mortgage balance is deducted from your home’s value to get the equity figure. The rule is that the more you own of the property, the more you can borrow. 

Will My Property Be Repossessed?

Yes, your property can be repossessed if you do not keep up with repayments. However, this only applies to loans which are secured against your home. In the example above and for our lender your home is not secured against the loan. This means it cannot be repossessed if you default. You will be required to make monthly repayments for your loan and the interest is usually quite low. This is because you have a valuable asset currently co-owned by the lender.

Repossession will incur costs for the lender (and possibly for you too). Where possible, the lender will always contact your first by email, as well as phone and letters before using repossession as a last resort.

Why Apply For An Unsecured Loan with Badger Loans?

  • Amount between £100-£25,000
  • Term from 12 months to 5 years
  • You need an Unsecured Loan
  • Good or Bad Credit
  • No Guarantor Required

Legal Information

Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. The total amount repayable is £1564.59. Interest amounts to £564.59, an annual interest rate of 59.97% Representative APR: 79.5% (variable).

Badger Loans