Lender Profile
Norton Finance Secured Loans
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.
Starting rate
8.55% APR
Initial fixed period
Up to 24 months
Max LTV
80%
Loan range
£5,000–£500,000
About Norton Finance
Norton Finance is one of the longest-established UK specialist secured loan lenders, with a heritage in the sector stretching back to 1974. That five-decade track record shapes how they underwrite today: relationship-driven, human-led, and comfortable with cases that don't fit mainstream scorecards. They sit alongside Pepper Money in the specialist market segment as the two go-to placements for complex-income and adverse credit cases where affordability is genuinely there but the paperwork or history creates friction.
Norton's rates on their 2-year fix start at 8.55% APR for minor adverse credit up to 80% combined LTV. Clean credit is priced lower within the same product range. The tiered arrangement fee structure — £795 for loans below £100,000 and £995 above — is designed to keep total cost competitive across the typical UK loan size range where most secured loan borrowing sits (£15,000–£75,000).
Underwriting style is genuinely relationship-driven. Norton's senior underwriters are accessible to brokers for pre-submission conversations, and they explicitly assess cases individually rather than via rigid decision engines. This makes them the natural placement when the case profile is unusual — a recent business change, retained profits in a limited company that mainstream lenders won't recognise, day-rate income from a rolling contract, or historic adverse credit that doesn't reflect current affordability.
Norton lend up to £500,000 across their secured loan range, accept minor adverse credit, and often stretch to more moderate adverse cases where the underwriting narrative supports it (satisfied CCJs over 24 months old, historic defaults with clear cause and cure, discharged bankruptcy at longer post-discharge periods). Loans complete in the typical 2–4 week UK second charge cycle. Discharged bankruptcy is considered subject to time elapsed (typically 3+ years post-discharge) and current affordability — Norton are one of the few panel lenders willing to review these cases.
Product range: Second charge mortgages on 2-year fixed rates with variable revert. Clean credit through minor adverse (with case-by-case moderate adverse considered). Strong appetite for self-employed, complex income, and discharged bankruptcy cases. £5,000 to £500,000, up to 80% combined LTV.
Best for
- Self-employed applicants with multiple income sources or retained profits in a limited company
- Cases where affordability needs case-by-case underwriting rather than scorecards
- Day-rate contractors with rolling contracts or between-agency income continuity
- Minor-adverse credit borrowers up to 80% combined LTV
- Discharged bankruptcy cases (typically 3+ years post-discharge)
- Larger loans up to £500,000 with £995 arrangement fee
- Recent business changes where mainstream lenders can't accommodate the transition
- Applicants whose case has been declined elsewhere on documentation grounds
Key facts
- Established
- 1974 — one of the longest-established UK secured loan brands
- Min Loan
- £5,000
- Max Loan
- £500,000
- Max Term
- 30 years
- Max Ltv
- 80% combined (across first charge plus any other secured borrowing)
- Fee
- £795 (loans below £100,000) / £995 (loans above £100,000) — tiered by loan size
- Credit Tier
- Clean credit through minor adverse; case-by-case moderate adverse and discharged bankruptcy considered
- Rate Structure
- 2-year fixed, then variable revert (currently 9.35%)
- Completion
- Typically 2–4 weeks; DIP typically within 48 hours
- Property Eligibility
- Standard UK residential property with current first charge. Combined LTV capped at 80% across the product range. Physical valuation typically required on loans above £100,000; AVMs used for smaller loans at lower LTVs on standard construction.
Pros
- +50+ year UK track record — the heritage brand in specialist secured lending
- +Human-led underwriting with accessible senior underwriters for complex cases
- +Strong appetite for self-employed, contractor, and complex-income borrowers
- +Considers discharged bankruptcy (typically 3+ years post-discharge)
- +Tiered fee structure (£795 sub-£100k / £995 above) competitive on typical UK loan sizes
- +Up to £500,000 loan size
- +Case-by-case moderate adverse consideration when the underwriting narrative supports it
- +Established broker relationships — process is well-understood and predictable
Cons
- −Currently primarily 2-year fixed — limited 5-year fix availability compared with Selina, Masthaven
- −Headline rates not the lowest in the market — beaten by Selina (prime) and Pepper (minor adverse)
- −Combined LTV cap 80% — doesn't offer higher-LTV specialist products
- −Heavy adverse (active arrears, recent multiple CCJs) placed with Evolution or Step One instead
Norton Finance FAQs
What rates does Norton Finance offer on secured loans?
Norton Finance secured loans on a 2-year fix start at 8.55% APR for minor adverse credit up to 80% combined LTV. Clean credit is priced lower within the same product range. Norton currently focuses on 2-year fixed products with a variable revert rate of 9.35% thereafter. APRC includes interest plus the tiered arrangement fee (£795 sub-£100k, £995 above).
What is a representative example for a Norton Finance secured loan?
Representative example for a £30,000 secured loan over 120 months at 8.55% APR fixed for 2 years (9.35% variable thereafter): monthly repayment £373.18, total loan repayments £44,781.60, Norton Finance arrangement fee £795, Charles Frank Finance broker fee £2,495. Total amount payable £48,071.60. Total charge for credit (interest plus fees) £18,071.60. Representative APRC 9.9%. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
What property eligibility does Norton Finance require?
Standard UK residential property in the applicant's name with a current first charge mortgage. Combined LTV capped at 80%. Loans above £100,000 typically trigger a physical property valuation rather than a desktop AVM. Ex-local authority and standard-construction flats accepted; non-standard construction reviewed case-by-case.
Does Norton Finance specialise in self-employed lending?
Yes — Norton has a long-standing reputation for supporting self-employed borrowers and contractors. Their underwriters will work with SA302s, accountant-prepared accounts, retained profits in limited companies, day-rate annualisation, and multiple income streams. Norton are frequently the first placement for self-employed cases where affordability is genuinely there but the case profile is unusual (sole traders with one year of accounts, limited company directors drawing salary plus dividends, contractors on rolling agreements).
Can I get a Norton Finance secured loan after bankruptcy?
Norton considers discharged bankruptcy cases, typically at 3+ years post-discharge with strong current affordability and clean credit conduct since discharge. Rate uplift versus prime reflects the risk profile. Norton are one of the few panel lenders willing to review these cases on their individual merits rather than applying a blanket exclusion. Recent discharges (under 3 years) sit better with Evolution Money or Step One Finance on our panel.
How does Norton Finance compare to Pepper Money for secured loans?
Both are the go-to placements for specialist UK secured loans. Norton is the heritage brand — established 1974, human-led underwriting, particularly strong on established self-employed cases and discharged bankruptcy consideration. Pepper is more product-tiered (rate-graded by credit profile) and sometimes cheaper on genuinely minor adverse cases at higher LTVs. Norton's 2-year fixed product with variable revert suits borrowers wanting flexibility to switch after 2 years; Pepper's 5-year fixed option suits borrowers wanting longer rate certainty. For discharged bankruptcy or complex self-employed, Norton. For adverse credit at 85% LTV, Pepper. For clean prime cases, Selina beats both on rate.
What's the maximum LTV at Norton Finance?
80% combined LTV across their secured loan range. They don't currently offer 85% or higher LTV specialist products. For cases at 85% LTV, Pepper Money is the natural alternative; for 90-95% LTV on adverse credit, Evolution Money on our panel is the option.
Can I borrow £500,000 from Norton Finance?
Yes, subject to affordability and the property supporting that loan within the 80% combined LTV cap. Higher loan amounts trigger the £995 arrangement fee tier and typically require a physical property valuation rather than a desktop AVM. Norton's 50+ year track record and institutional-style processes make them a reliable placement for larger cases.
Does Norton Finance charge an early repayment charge?
Yes — a tapering early repayment charge applies during the 2-year fixed period, typically 3% in year 1 reducing to 2% in year 2. After the fixed period ends and the loan reverts to variable, there's no ERC and the loan can be repaid without penalty. Overpayments within the fixed period are typically permitted up to 10% of the outstanding balance per year without triggering ERCs — check specific product literature at illustration stage.
Apply for a Norton Finance secured loan
We'll match your case against Norton Finance's criteria first — and the rest of our panel — to find the cheapest fit.