A secured loan or second charge loan could allow you to release equity for that needed purchase
Secured Loans can be used to meet various needs including acting as an alternative to re-mortgaging, as a business loan, debt consolidation to raise a deposit, purchase a buy to let, expand your existing buy to let portfolio or even to clear your credit cards.
Interest rates on secured loans tend to be substantially lower than unsecured credit. It is the concept of offering your home as collateral that makes the difference. Lower interest rates make secured loans ideal vehicles for consolidating high interest debt into a single, more affordable payment.
