Money Marina works with the UK's top secued lenders to provide you with the most suitable & reliable advice based on your circumstances. Please note, Money Marina doesn't act as a broker for homeowner loans. All our partner lenders are FSA regulated.
A secured (or homeowner) loan is a loan in which the borrower pledges some asset (e.g. a car) as collateral for the loan. The loan is thus secured against the collateral in the event that the borrower defaults, the lender takes possession of the asset used as collateral and may sell it to regain the amount originally lent to the borrower.
As the loan is secured, the lender is relieved of most of the financial risks involved; he may thus offer attractive terms for the borrower on interest rates and repayment period.