Call Now: 0800 138 6001 - Open 24/7

Call Now: 0800 138 6001 - Open 24/7

Santander Secured Loans

Enter Your Details.

Get A Quote Now!

Get the best rates for Secured Loans from Santander – all rates updated daily.

Santander Secured Loans

Get the best rates for Secured Loans from Santander – all rates updated daily.

Secured Loans from Santander

Santander Secured Loans

If you’re in need of some extra funds and already have a mortgage with Santander, you may be eligible to take out an additional loan. This loan will be entirely separate from your current mortgage.

This is often referred to as a “second charge mortgage” and is a way to borrow money often at a far cheaper rate than with an unsecured loan.

Why You’re Able to Get a Lower Rate with a Secured Loan

The reason you’re able to get a cheaper rate with a secured loan is because your home is used as security for Santander should you be unable to make your repayments. Since the bank has this type of security, they’re far more willing to offer you large loan amounts, a longer period to pay off and much better rates. Although your rate is determined by a variety of different factors.

Loan-to-Value Ratio

The greater your house price, and the amount of the current mortgage you’ve paid off, the greater the loan you’ll be able to take out with Santander. This is because you’ll have a better LTV ratio (Loan-to-value)

It calculated by taking your houses market price and the amount you wish to borrow. So, £30,000 borrowed with a £50,000 mortgage on a £100,000 house gives you an LTV of 80% or £80,000/£100,000

Benefits of Santander Secured Loans

  • Borrow £5,000 or more
  • Can borrow up to an LTV ratio of 85%
  • Repay between 5-35 years
  • Fixed monthly repayments
  • No early repayment charges
  • No product fees

Restrictions on Santander Secured Loans

  • An existing Santander mortgage is required
  • You cannot have ever been declared bankrupt
  • You cannot be subject to an Individual Voluntary Arrangement

Start Here…

Compare Rates Now!

Enter Your Details.

Get A Quote Now!

We have access to the some of the best Secured Loan deals from the high street banks, including Santander – so you can be sure you are getting the lowest rates.

Compare Rates Now!

We have access to the some of the best Secured Loan deals from the high street banks, including Santander – so you can be sure you are getting the lowest rates.

Start Here…

Call us 24/7: 0800 138 6001

Top 10 Finance Ltd, Rex House 4-12 Regent Street, London, SW1Y 4PE. Tel: 0800 138 6001

Top 10 Finance Ltd is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Data Protection Act (1998). Registration No: Z2861884 Company Number 06261373 Top 10 Finance Rex House 4th Floor 4-12 Regent Street London SW1Y 4PE (c) 2007 - 2018 Top 10 Finance. Sitemap - Privacy Policy - Reviews - Contact Top 10 Finance - Blog

Secured Loans - Bank of Scotland Secured Loans - Barclays Secured Loans - Halifax Secured Loans - HSBC Secured Loans - Lloyds Secured Loans - NatWest Secured Loans - RBS Secured Loans - Santander Secured Loans