Compare UK Secured Loan Rates in 30 Seconds
Personalised rates from FCA-regulated UK specialist lenders — from 6.34% APRC. With ~1.8m UK fixed-rate mortgages expiring in 2026 (UK Finance), more homeowners are raising capital without losing their existing deal. No hard credit check. No obligation.
Since 2011
Charles Frank Finance Limited
FCA Authorised
FRN 624668
Whole-of-market
Specialist UK lenders
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.
Reviewed Lender Panel · June 2026
UK Secured Loan Lenders Reviewed
Twelve 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 broad LTV range up to 90%.
Best for: Clean-credit borrowers needing 80–90% combined LTV
Read review →
Equifinance Ltd
UK specialist second charge lender for clean and minor adverse credit borrowers.
Best for: Clean credit borrowers needing typical loan sizes up to £150,000
Read review →
Evolution Money
UK specialist lender for borrowers with significant adverse credit history.
Best for: Borrowers with recent CCJs, defaults, or active arrears
Read review →
Mercantile Trust
UK specialist second charge lender for complex cases at smaller-to-mid loan sizes.
Best for: Complex cases at loan sizes up to £150,000 that need underwriter discretion
Read review →
Norton Finance
UK specialist lender strong on self-employed and complex-income cases.
Best for: Self-employed applicants with multiple income sources
Read review →
Pepper Money Secured Loans
Specialist UK lender for self-employed, contractors, and applicants with credit history.
Best for: Self-employed applicants with limited or complex income evidence
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 →
Spring Finance
Specialist UK secured lender with competitive rates for clean and minor-adverse credit.
Best for: Clean-credit borrowers who don't meet Selina's 65% LTV cap for best rates
Read review →
Step One Finance
UK specialist lender for borrowers with significant adverse credit history.
Best for: Borrowers with recent CCJs, defaults, or active arrears
Read review →
Together Money
Major UK specialist lender with broad criteria including adverse credit and non-standard property.
Best for: Borrowers with adverse credit including CCJs, defaults, and discharged bankruptcy
Read review →
United Trust Bank (UTB)
UK challenger bank with a competitive second charge mortgage division for prime borrowers.
Best for: Clean credit borrowers chasing competitive rates from a bank-backed lender
Read review →
West One Loans
Major UK specialist lender offering second charge alongside bridging and BTL products.
Best for: Self-employed and complex income cases below 80% LTV
Read review →
Secured Loan Rates UK — June 2026 Guide
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 June 2026, UK secured loan rates typically range from 6.34% APRC (Selina Finance, clean credit at sub-50% LTV) to 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. All rates shown are APRC (Annual Percentage Rate of Charge), the FCA-required comparison figure that includes interest plus fees.
Current UK secured loan rates at a glance
| Profile | Typical APRC | LTV range | Monthly cost* |
|---|---|---|---|
| Clean credit, low LTV | 6.34% – 7.5% | Up to 65% | £339 – £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 June 2026:
| Option | Typical rate | Max amount | Speed | Adverse credit | Best for |
|---|---|---|---|---|---|
| Secured loan | 6.34% – 14.9% APRC | £500,000+ | 2–4 weeks | Yes — incl. CCJs, IVAs, discharged bankruptcy | Preserving low fixed-rate mortgage; large amounts; adverse credit |
| Remortgage | 4.5% – 7% APRC | Property value − existing equity | 6–12 weeks | Mainstream lenders mostly decline | Out of ERC period; existing rate uncompetitive |
| Further advance | Similar to first-charge | Limited by current lender | 4–8 weeks | Tight criteria | Small extra borrowing where existing lender offers it |
| Unsecured loan | 6% – 30%+ APR | £25,000 – £35,000 | 1–7 days | Hard to obtain | Smaller amounts; clean credit; speed |
| Bridging loan | 0.55% – 1.5% / month | £500,000+ | 5–14 days | Yes — equity-led | Short-term (3–24 months); chain breaks; refurb-to-refinance |
Indicative ranges for June 2026. Your actual rate depends on individual 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 from 48 hours
Depending on your individual circumstances, it may be possible to go from comparison to completion as quickly as 48 hours.
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)
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. Rate ranges, lender criteria, and market commentary on this page are reviewed monthly and reflect current panel pricing as at 11 June 2026.