Secured Loans

Harrington Brooks have many years experience in securing loans for our customers. These loans may be for anything from doing home improvements to consolidating any high-interest debts you may have. We review each application on an individual basis which means that all applications are considered.

Harrington Brooks can arrange secured loans, through our secured loan brokerage Ask Finance, no matter what your financial circumstances currently are. If you have been refused credit in the past, have a poor credit rating, a CCJ or have defaulted on your mortgage payments and fallen into arrears Harrington Brooks can assist. With interest rates starting from 14.5% APR variable you have the opportunity to obtain a secured loan at a competitive rate.

Applying for a secured loan couldn’t be easier.

You can complete the online application form, or, if you prefer call one of our advisors on 0808 131 0040 to receive a free no-obligation quotation.

Once the application has been approved, we will arrange for the funds to be transferred into your account.

What is a secured loan?

A secured loan, or a homeowner loan, is where the borrower provides the lender with a form of security. For example, a car or a property may used as security for the loan. The lender will hold the rights to that security until the borrower repays the loan.

Advantages of a secured loan

  • It is an effective way for homeowners to obtain money at an affordable rate. This means you are able to consolidate all other debts, and make one manageable monthly payment.
  • You can borrow a larger sum of money through a secured loan.
  • The repayment period may be longer than with an unsecured loan. It could be up to 25, or even 30 years. You have flexible repayment options, and can choose to repay it over any period between 3 and 25 years.
  • People with an adverse credit listing can still qualify, although their interest rate may be higher than the standard.
  • You can decide how you want to use the money.

Disadvantages of a secured loan

  • You could potentially stay in debt for a long time. However, you can choose to opt for a shorter period over which you can repay the loan.
  • You need some an asset to use as security for these loans. (This might not be an option for those without a home or a vehicle).
  • There is a risk that you could default on the payments, which could damage your credit profile, lose your home or vehicle as a consequence.
  • Interest rates for secured loans tend to be much higher than that of an unsecured loan.

Click here to complete the application form.

Quick Enquiry

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Testimonials

“Before I got in touch with Harrington Brooks, my life was a financial disaster! I had mounting debts and I was being threatened with court action. I was at the end of my teather. But, after just one call, I was totally reassured and I knew that your expert advisors could help me. I am well into my IVA term, and my debt free future is on the horizon."

Mr E, Stoke

"Harrington Brooks helped me to consolidate all of my debts into one easy payment. I pay just one low monthly amount and I can relax as I know that my finances are in the hands of experts. I don't have any angry calls or letters from my creditors, and my finances are back on track. Thank you."

Ms M, Doncaster

"Before I got in touch with Harrington Brooks, I was burying my head in the sand when it came to my debt levels. I was recommended your services by a friend, and making that call was the best decision I've had in a long time. I started my Debt Management Plan and I have been treated with true professionalism right from the start."

Mrs C, Manchester

"I was thinking about consolidating my debts for a long time, and when the red letters started pouring through my mailbox, I knew I had to act sharp. I decided to call Harrington Brooks - I should have called you sooner! I spoke to the same advisor throughout the whole process, and they sorted out my finances. Now I can manage the monthly payments with ease. Thanks for everything."

Mrs G, Lincoln