Compare UK Secured Loan Rates from Specialist Lenders
Compare secured loan rates from 5.64% from FCA-regulated UK specialist lenders (6.48% APRC on a typical £50,000 loan over 20 years, including all fees). Whether you're consolidating debts into one affordable payment or raising capital without touching your mortgage, we compare rates in minutes. No hard credit check. No obligation.
Your enquiry is handled in-house by one FCA-authorised adviser — we never sell or share your details with third-party brokers.
Since 2011
Charles Frank Finance Limited
FCA Authorised
FRN 624668
Free
No-obligation comparison
Rates shown are illustrative only and depend on your personal credit profile and circumstances. All loans are subject to affordability assessment and credit checks.
14 products match your criteria
Sorted by lowest monthly payment
Home Equity Loan 5yr Fixed · up to 65% LTV · £995 fee
6.39%
initial rate
7%
APRC
£339
est. /month
£40,676
total repay
Second Charge 5yr Fixed · up to 85% LTV · £995 fee
6.99%
initial rate
7.9%
APRC
£348
est. /month
£41,781
total repay
Optimal Zero 5yr Fixed · up to 80% LTV · £995 fee
7.61%
initial rate
8.4%
APRC
£358
est. /month
£42,940
total repay
Optimal Zero 2yr Fixed · up to 80% LTV · £995 fee
7.9%
initial rate
8.2%
APRC
£362
est. /month
£43,488
total repay
Optimal 1 5yr Fixed · up to 80% LTV · £995 fee
8.51%
initial rate
9.3%
APRC
£372
est. /month
£44,654
total repay
Second Charge 2yr Fixed · up to 80% LTV · £795 fee
8.55%
initial rate
9.4%
APRC
£373
est. /month
£44,731
total repay
Optimal 1 2yr Fixed · up to 80% LTV · £995 fee
8.83%
initial rate
9.1%
APRC
£377
est. /month
£45,273
total repay
Optimal 1 HLTV 5yr Fixed · up to 85% LTV · £995 fee
8.96%
initial rate
9.7%
APRC
£379
est. /month
£45,525
total repay
Plan 1 2yr Fixed · up to 75% LTV · £999 fee
9.01%
initial rate
9.8%
APRC
£380
est. /month
£45,623
total repay
Home Equity Loan 2yr Fixed · up to 85% LTV · £995 fee
9.09%
initial rate
9.5%
APRC
£381
est. /month
£45,779
total repay
Plan 1 5yr Fixed · up to 75% LTV · £999 fee
9.1%
initial rate
10%
APRC
£382
est. /month
£45,798
total repay
Plan 2 2yr Fixed · up to 80% LTV · £999 fee
9.17%
initial rate
10%
APRC
£383
est. /month
£45,935
total repay
Plan 5 2yr Fixed · up to 90% LTV · £999 fee
9.96%
initial rate
10.7%
APRC
£396
est. /month
£47,495
total repay
Plan 8 Variable · up to 95% LTV · no fee
12.9%
initial rate
12.9%
APRC
£446
est. /month
£53,540
total repay
Rates shown are illustrative only and depend on your personal credit profile and circumstances. All loans are subject to affordability assessment and credit checks. Monthly payments shown are based on the initial rate over the full term. APRC is variable.
Our Broker Fee: £2,495 for loans above £25,000 | Maximum 10% of the net loan amount for loans below £25,000 (minimum loan £5,000). Payable on completion only.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
A secured loan (also known as a homeowner loan or second charge mortgage) allows UK homeowners to borrow against the equity in their property — typically from £5,000 to £500,000 over 1 to 30 years. Because the loan is secured against your home, lenders can offer lower interest rates than unsecured personal loans. Use the comparison tool above to adjust your loan amount, term, and LTV to see live indicative rates from our panel of FCA-regulated lenders. Comparing rates here uses a soft credit search only, so your credit score is not affected.
The UK secured loan market in numbers
Second charge lending is growing fast. Latest industry figures for Q1 2026.
£625m
New second charge lending
Q1 2026 · up 33% year-on-year
Source: FLA
11,489
New agreements completed
Q1 2026 · up 22% year-on-year
Source: FLA
£228m
Strongest month (March 2026)
highest monthly total since Feb 2008
Source: FLA
~1.8m
UK fixed-rate mortgages expiring
during 2026 · homeowners reviewing options
Source: UK Finance
Sources: Finance & Leasing Association — Second Charge Mortgage releases; UK Finance — data and research. Figures are transcribed from the latest published releases and reviewed monthly.
Reviewed Lender Panel · July 2026
UK Secured Loan Lenders Reviewed
Ten FCA-authorised UK specialist lenders on our panel, each reviewed by Samantha Turner against current rates, criteria, and case fit. Click any lender for the full review including pros, cons, and representative example.
Central Trust Limited
Long-established UK second charge lender with the widest LTV range on the panel — from prime clean at 75% LTV through to 90% LTV via Plan 5.
Best for: Clean-credit borrowers needing high combined LTV — the panel's only 90% LTV product (Plan 5)
Read review →
Equifinance Ltd
UK specialist second charge lender laser-focused on standard secured loan cases — clean and minor adverse credit at typical UK loan sizes with the consistency of a single-product-line business.
Best for: Clean credit borrowers needing typical UK loan sizes £15,000-£75,000 up to £150,000
Read review →
Evolution Money
UK specialist lender for significant adverse credit — up to 95% combined LTV, no arrangement fee, no ERCs. Often the only viable secured route for heavy-adverse cases.
Best for: Borrowers with recent CCJs, defaults, IVAs, or active arrears
Read review →
Interbridge Mortgages
High-LTV second charge specialist with sharp, dynamic pricing that's consistently competitive across the market — up to 95% combined LTV with case-by-case adverse credit acceptance and no-ERC flexibility.
Best for: Rate-sensitive clients — dynamic pricing is consistently competitive against the wider market
Read review →
Masthaven
UK specialist secured lender with a granular product ladder covering clean credit to minor adverse — the panel's most differentiated tiered fee structure and mid-market Optimal Zero rate leadership.
Best for: Clean-credit borrowers at 65-80% LTV where Masthaven's Optimal Zero beats Selina's rate-tier limits
Read review →
Norton Finance
One of the UK's longest-established secured loan lenders — heritage brand with human-led underwriting for self-employed, complex income, and adverse credit cases.
Best for: Self-employed applicants with multiple income sources or retained profits in a limited company
Read review →
Pepper Money Secured Loans
Specialist UK lender for self-employed, contractors, and borrowers with credit history — with the deepest adverse-credit tier structure on our panel.
Best for: Self-employed applicants with one year of accounts or accountant's certificate
Read review →
Selina Finance
Competitive low-LTV homeowner loans and the UK's leading HELOC from a London-based digital lender.
Best for: Clean-credit borrowers below 65% combined LTV chasing the best fixed rate
Read review →
Step One Finance
UK specialist adverse-credit secured lender — accepts significant CCJs, defaults, IVAs, and active arrears where mainstream and minor-adverse specialists have declined.
Best for: Borrowers with recent CCJs, defaults, IVAs, or active arrears
Read review →
Together
From 8.50% APR — one of the UK's largest specialist lenders, built around taking on the cases mainstream lenders won't.
Best for: Non-standard, ex-council, high-rise, or semi-commercial properties
Read review →
United Trust Bank (UTB)
The only fully-licensed UK bank on our secured loan panel — competitive rates for prime borrowers with the counterparty backing of a regulated challenger bank.
Best for: Clean credit borrowers wanting competitive prime rates from a bank-backed lender
Read review →
Equity Release Without Remortgaging
How to Borrow Against Your Home Equity Without Remortgaging
A second charge mortgage lets you borrow against your home equity. Your existing mortgage stays intact. Around 1.8 million UK homeowners hold 2021 fixed-rate deals below 2.5% that expire in 2026 (UK Finance). New 5-year fixes were around 5.7% in May 2026. Remortgaging means giving up the cheap legacy rate. A second charge mortgage keeps it.
How it works: your current mortgage does not change. Same lender, same rate, same direct debit. A second charge loan sits behind it as a separate agreement with a different lender. It is registered as a second legal charge against the property. You make two monthly payments — one to each lender. Terms are usually 5 to 30 years. If the property is sold, the first charge lender is paid first.
Best fit: borrowers with a cheap legacy fix who need £10,000 to £500,000. Common uses include home improvement, debt consolidation, school fees, tax bills, and property purchase deposits. Current lender rates start at 5.64% (6.48% APRC on a typical £50,000 loan over 20 years including all fees). Factor in the blended cost of refinancing the whole mortgage and this often beats remortgaging. The Finance & Leasing Association recorded £625m of new second charge lending in Q1 2026, up 33% year-on-year.
No Hard Credit Check to Compare
How We Compare Homeowner Loans Using a Soft Credit Search (No Hard Credit Check UK)
A soft credit search checks your credit file without affecting your score. Other lenders cannot see it. A hard credit search is the opposite. It leaves a permanent mark on your file. Other lenders can see it. Several hard searches in a short time can lower your score. This matters because applying to lenders directly triggers a hard search each time.
Our comparison tool uses a soft search only at the quote stage. You can compare rates across our panel of FCA-authorised UK specialist lenders. You can see APRCs, monthly payments, and which products fit your case. Your credit file is not affected. Only you can see the soft search.
A hard credit search happens only when you formally proceed with a lender. That is the full application stage, not the comparison stage. You can shop around freely. You can take your time to compare. You commit to a single hard search when you choose to move forward. This is the credit-file protection that FCA responsible-lending rules are designed to enforce.
Adverse Credit Borrowers
Second Charge Mortgages for Adverse Credit Borrowers — Bad Credit, CCJs, Defaults, IVAs & Bankruptcy
Adverse credit is one of the most active parts of the UK second charge market. Several panel lenders underwrite to this profile. These include Pepper Money, Norton Finance, Masthaven, Interbridge Mortgages, Evolution Money, and Step One Finance. They accept CCJs, defaults, missed payments, IVAs, DMPs, and discharged bankruptcy. Underwriting is human-led and case-by-case — not scorecard-driven.
Typical UK adverse-credit secured loan rates in July 2026:
- Minor adverse (historical defaults, satisfied CCJs): from 7–9% APRC
- Moderate adverse (recent unsatisfied CCJs, missed payments): 9–12% APRC
- Heavy adverse (active arrears, recent IVAs): 11–13% variable
- Discharged bankruptcy (12+ months post-discharge): from around 8.5% APRC via Norton Finance
Lenders assess three things on every adverse credit case. Recency: events over 24 months old matter much less than recent activity. Severity: a small satisfied CCJ is very different from multiple unsatisfied CCJs. Current affordability: strong current income offsets historical markers.
Pepper Money
Minor adverse, prime rates
Read review →
Norton Finance
Human-led underwriting
Read review →
Masthaven
Clean + minor adverse specialist
Read review →
Interbridge Mortgages
High-LTV second charge specialist
Read review →
Evolution Money
Up to 95% LTV adverse
Read review →
Step One Finance
Active arrears accepted
Read review →
Secured Loan Rates UK — July 2026 Guide
Reviewed by Samantha Turner, FCA-authorised specialist lending broker (FRN 624668) · Published · Last updated
What are secured loan rates?
Secured loan rates are the interest rates charged by lenders when you borrow money against your property. Unlike unsecured personal loans, a secured loan (also called a homeowner loan or second charge mortgage) uses the equity in your home as collateral — as defined by the FCA's guidance on second charge mortgages. This means lenders take on less risk, which is why secured loan rates are typically significantly lower than unsecured alternatives.
In July 2026, UK lender rates start from 5.64% — 6.48% APRC on a typical £50,000 loan over 20 years including all fees — and range up to around 14.9% APRC for adverse credit cases at higher LTVs. Homeowners with clean credit and lower LTV ratios qualify for the best rates; those with adverse credit histories can still access funding at higher rates. Always compare on APRC (Annual Percentage Rate of Charge), the FCA-required comparison figure that includes interest plus fees — full panel APRC tables by month are in our market snapshots.
Current UK secured loan rates at a glance
| Profile | Typical APRC | LTV range | Monthly cost* |
|---|---|---|---|
| Clean credit, low LTV | 7.0% – 7.5% APRC | Up to 65% | £348 – £358 |
| Clean credit, standard LTV | 7.5% – 9.5% | 65% – 80% | £358 – £389 |
| Minor credit issues | 8.5% – 11% | Up to 80% | £373 – £414 |
| Adverse credit / CCJs | 10% – 14.9% | Up to 75% | £397 – £463 |
*Based on £30,000 over 10 years. Representative examples only — your rate will depend on individual circumstances.
What affects your secured loan rate?
Several factors determine the interest rate you will be offered:
- Loan-to-value (LTV): The lower your combined LTV (existing mortgage plus new loan as a percentage of property value), the better your rate. Most lenders offer the best rates with an LTV of 60–65%, however some specialist second charge lenders will lend up to 100% combined LTV depending on the applicant's profile, property type, and circumstances.
- Credit history: A clean credit profile will secure the lowest rates, but second charge lenders accept the full spectrum — including CCJs, defaults, IVAs, DMPs, missed payments, and discharged bankruptcies. See the section below for full detail.
- Loan amount and term: Very small loans (under £10,000) may attract slightly higher rates. Extending your term is one of the simplest ways to reduce your monthly payment; most people choose a longer term to keep repayments as manageable as possible, though this does increase the total interest paid over the life of the loan.
- Property type and location: Standard residential properties attract the widest choice of lenders. Non-standard construction, ex-local authority flats, or properties in certain postcodes may limit options.
- Income and affordability: Lenders assess your ability to repay alongside existing commitments. Higher disposable income relative to the loan amount can unlock better terms.
Adverse credit applicants welcome
A clean credit profile will secure the lowest rates, and prime applicants with no adverse history will achieve the best rates available in the market. However, one of the key advantages of a second charge mortgage is that lenders in this space are accustomed to working with the full spectrum of credit profiles. Unlike many high street mortgage lenders, second charge lenders will consider applicants with:
- —CCJs (County Court Judgments)
- —Defaults
- —Bankruptcies (discharged only)
- —Individual Voluntary Arrangements (IVAs)
- —Debt Management Plans (DMPs)
- —Missed or late payments
While adverse credit will affect the rate offered, it does not necessarily prevent you from obtaining a secured loan. Please note that applications can only be considered once a bankruptcy has been formally discharged — lending is not available to undischarged bankrupts. For discharged bankruptcies, specialist lenders assess each case on its individual merits, taking into account the severity and age of the adverse, alongside the overall application.
You can check your credit report for free via Experian, Equifax, or TransUnion before applying.
Secured loan vs other UK borrowing options at a glance
How a secured loan compares against the four main alternatives in July 2026:
Rates shown are lender interest rates. Your actual APRC will include broker fees and lender fees.
| Option | Typical rate | Max amount | Speed | Works with past credit problems? | Best if you… |
|---|---|---|---|---|---|
| Secured loan(second mortgage) | From 5.64% to 14.9% | £500,000+ | 2–4 weeks | Yes — including county court judgments, payment plans, old bankruptcy | Need a large amount; have credit issues; want to keep your existing mortgage rate |
| Remortgage(switch your main mortgage) | From 4.5% to 7% | Based on your home's value minus what you owe | 6–12 weeks | Usually not — mainstream lenders are cautious | Your fixed-rate deal has ended and you want to compare new rates |
| Further borrowing(ask your current lender) | Similar to remortgage rates | Limited — depends what your lender allows | 4–8 weeks | Usually not | Need extra cash and your lender has already approved you for more |
| Personal loan(unsecured) | From 6% to 30%+ per year | £25,000 – £35,000 | 1–7 days | Difficult — lenders want clean recent credit | Need a small-to-medium amount; have good credit; want speed |
| Bridging loan(short-term, property-backed) | From 0.55% to 1.5% per month (higher than mortgages) | £500,000+ | 5–14 days | Yes — based on the property, not your credit history | Buying a property quickly; between house sales; renovating before selling |
- Rates shown are lender interest rates. Your actual cost will be higher and is expressed as an APRC (Annual Percentage Rate of Charge), which includes the broker fee and lender fees.
- The rates above are indicative and based on current lender pricing as of July 2026. Your actual rate will depend on the loan amount, your property value, the loan term, and your credit profile.
- Rates vary significantly by lender and product. For a personalised quote showing your full APRC, contact us.
- All secured loans are subject to affordability assessment and property valuation.
- Typical rates shown are for illustrative purposes only. Your rate may be higher or lower depending on your circumstances.
Secured loans vs remortgaging — which is cheaper?
Many homeowners assume remortgaging is always the better option, but this is not always the case. A secured loan (second charge mortgage) sits behind your existing mortgage and does not disturb it. This can be the better choice when:
- —You have a low fixed rate on your current mortgage that you don't want to lose
- —Your existing mortgage has early repayment charges that would outweigh the savings
- —You need funds quickly — secured loans can complete in as little as 10 days
- —You want to borrow a smaller amount without restructuring your entire mortgage
- —Your circumstances have changed since your original mortgage (e.g. self-employment) and you may not qualify for the same rate
- —You have already explored a further advance with your existing mortgage lender and it was not suitable or available to you
Before taking out a secured loan, it is always worth checking whether your existing mortgage lender can offer a further advance — this may be simpler and cheaper if your current rate is competitive and you are within their lending criteria.
How to get the best secured loan rate
The single most effective way to find the best rate is to compare multiple lenders — which is exactly what the comparison tool above does. Beyond that, you can improve your chances by obtaining an updated property valuation to maximise your available equity, addressing any credit issues before applying, and ensuring your income documentation is up to date. Using an FCA-authorised broker like Charles Frank Finance gives you access to specialist lenders that do not accept direct applications.
Our Lending Partners
Why choose us?
No hidden fees
We offer a completely transparent service with no hidden or upfront fees.
Same day decisions
We have the ability to issue you with an agreement in principle within hours of your enquiry.
Quick and simple
Click apply, fill out one form that takes 60 seconds and we'll do the rest.
No credit history restrictions
We can cater for customers with all types of credit history, from clean credit scores to heavy mortgage arrears and CCJs.
Completion in 2–4 weeks
Most secured loans complete within 2–4 weeks from application to funds release, depending on your individual circumstances and how quickly the valuation and legal work progress.
No borrower restrictions
We work with all borrower types and circumstances, including debt consolidation, home improvements, tax liabilities, business funding, self-employed applicants, complex income, and those with adverse credit histories including CCJs, defaults, IVAs, DMPs and discharged bankruptcies. If you have been declined elsewhere, we may still be able to help.
How it works
Adjust the sliders
Enter your loan amount, LTV, and preferred term to filter lenders in real time.
Compare rates
See indicative rates, monthly payments, and total repayable side by side.
Apply in 60 seconds
Click Apply on any lender and an adviser will call you to confirm your rate.
Common questions
What is a secured loan?
A secured loan (also called a homeowner loan or second charge mortgage) is a loan secured against your property. Because the lender has security, rates are typically lower than unsecured loans. Loan amounts range from £5,000 to £500,000. Your home may be repossessed if you do not keep up repayments.
How much can I borrow with a secured loan?
Most UK lenders offer secured loans from £5,000 to £500,000 depending on your property equity, income, and credit profile. The best rates are typically available at LTVs of 60–70%, but second charge lenders will consider applications up to 100% combined LTV depending on the applicant's profile, property type, and circumstances — meaning cases that may be declined elsewhere can still be placed.
Will comparing rates affect my credit score?
No. Comparing rates on this tool only uses a soft search which is not visible to other lenders and does not affect your credit score. A hard credit search only happens if you formally apply with a lender.
What LTV do I need for the best rates?
Lenders typically offer their best rates at LTVs of 60–70%. Above 80% LTV you will find fewer lenders available and rates will increase. However, second charge lenders will consider applications up to 100% combined LTV depending on the applicant's profile, property type, and circumstances — meaning there is no one-size-fits-all maximum, and cases that may be declined elsewhere can still be placed.
Can I get a secured loan with bad credit?
Yes. Second charge lenders are accustomed to working with the full spectrum of credit profiles — including CCJs, defaults, IVAs, DMPs, missed payments, and discharged bankruptcies. While adverse credit affects the rate offered, it does not necessarily prevent you from obtaining a secured loan. Specialist lenders assess each case on its individual merits, taking into account the severity, value, and age of the adverse, alongside the overall application.
What is the difference between a secured loan and remortgaging?
A secured loan, also known as a second charge mortgage, is a separate loan secured against your property that sits behind your existing first charge mortgage. Crucially, it does not disturb your current mortgage deal in any way — your existing lender is unaffected and your current rate remains intact. A remortgage, by contrast, replaces your existing mortgage entirely with a new one, either with your current lender or a new one. Whilst this can be beneficial in some circumstances, it is not always the right solution.
Are there any fees on a secured loan?
All second charge lenders charge an arrangement fee, though the amount varies by lender and product. Applicants do have the option to add the fee to the loan rather than paying it upfront, which reduces the initial outlay — however, doing so will increase the total interest payable over the term of the loan. Unlike a remortgage, second charge mortgages do not typically require legal fees, making them a more straightforward and cost-effective process. The only exception is where a lender specifically requires Independent Legal Advice (ILA) for an applicant during underwriting, which is uncommon. The APRC includes all compulsory fees so it is the best figure for comparing the true cost of different products.
How long does a secured loan take?
Most secured loans complete within 2–4 weeks from application to payout. Some lenders offer faster completions from 10 days for straightforward cases. Complex cases or those requiring a full surveyor valuation may take slightly longer.
Popular guides
In-depth answers to the questions homeowners ask us most often.
Secured Loans Explained: The Complete UK Guide
Everything you need to know — how they work, who they suit, what they cost, and how to apply.
Secured Loan vs Remortgage: Which Is Better?
Costs, eligibility, speed, and the financial scenarios where each option wins in 2026.
Debt Consolidation with a Secured Loan
How consolidation works, the worked maths, and when it's the wrong choice.
Home Improvement Loans UK: Funding Your Renovation
Compare secured loans, personal loans, further advances, and 0% cards by project size.
The Secured Loan Application Process
Exactly what happens at each stage — from soft search to funds in your account.
Best Secured Loan Rates UK 2026
Which lenders offer the lowest rates, what affects your APR, and how to get the best deal.
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Compare Rates NowAbout this page
Reviewed by Samantha Turner
Relationship Director, Head of Specialist Lending · Charles Frank Finance Limited (FCA FRN 624668, Companies House 07791769)
Samantha has 25+ years of UK specialist lending experience, advising on second charge mortgages, bridging finance, and adverse credit cases across the full panel of FCA-authorised UK lenders. Secured Loan Rates is operated by Charles Frank Finance Limited, a family-run FCA-authorised UK brokerage. Rate ranges, lender criteria, and market commentary on this page are reviewed monthly and reflect current panel pricing as at 17 July 2026.