Secured Homeowner Loans FAQs

Secured Homeowner Loans FAQs

Are there any upfront fees?

You will not be charged you any fees up front for processing your loan. Any fees are added to the loan and paid on completion from the loan proceeds. If the loan does not complete you are not charged a fee.

Can I pay my secured loan off early?

Yes you can repay the loan early. Willows have a panel of lenders that we use in order to find the most suitable product for your circumstances. You have the right to repay early with ALL of our lenders. A typical early settlement charge is 2 months notice. However it is important to note that these vary between lenders and we will explain and confirm in writing on the credit agreement any early settlement penalties.

How long will it take for my secured loan to complete?

Willows Finance will process your loan as quickly as possible to ensure you get the funds through in the shortest time possible. From your initial enquiry we aim to get back to you with a decision within an hour. When you decide to proceed we will issue your loan documents the same day. If you return those to us as quickly as possible we can complete your loan within two – three weeks.

What can I use the loan for?

Loans can be used for any legal purpose. Its important to let us know the reason for the loan at the beginning of the enquiry as it will help us to ensure we find the right product for you.

What interest rate can I get?

This will depend on a number of different factors such as the amount you are borrowing, your credit profile and the equity in your property. Our typical APR is shown at the bottom of this page.


TYPICAL 9.1% APRC variable

Secured Loan Representative Example: If you borrow £15,000 over 15 years at a rate of 9.1% APRC variable, you will pay 179 instalments of £149.52 per month and a final payment of £299.52 total amount payable of £27,063.60. This includes the net loan, interest of £9,963.60 a broker fee of £1,500 and a lender fee of £450 and a land registry discharge fee of £150. The overall cost for comparison is 9.1% APRC variable.

LOANS ARE SECURED AGAINST PROPERTY. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Secured loans from £5,000 - £2,500,000 with terms from 3-30 years. Rates from 3.8%APRC. Our maximum rate is 39.9%APRC enabling us to help customers with severe credit difficulties. Loans available to UK residents only.

Willows Finance charge a fee for our services of between 0% - 15% and will inform you of this before you decide to proceed. Our typical fee is 6.7%

Willows Finance is a credit broker not a lender using a representative panel of lenders and may receives a commission from the lender on completion of a loan. Consolidating debts may increase the term and total amount payable. Minimum age 18 years. Rates and fees correct as of 06.04.2022. Willows Finance Limited is authorised and regulated by the Financial Conduct Authority. Our Financial Conduct Authority FCA register number is 670052. We are registered under the Data Protection Act No. Z1447660 and are a member of the Association of Finance Brokers.

Willows Finance Limited registered address is Brocastle, Bridgend CF35 5AS. Company registered in England. Registration number 6678545.