We Compare 100's of loans from leading lenders
We regularly receive applications from borrowers who are looking to take out a joint secured loan, as it can boost their chances of getting the money they need.
While most relate to a single property owned by more than one person, there are some that are a little different. Personal relationships and property ownership can be complex, so a specialist approach may be needed to find the best solution.
We examine some of the scenarios that can affect joint applications and the approach usually taken by lenders.
Provided certain criteria are met, we can process an application for a secured loan in the name of an individual that is married.
The lender will want to establish if the property and attached mortgage are registered solely in the individual’s name before proceeding.
For example, this could happen if the individual owned the property before they married and now wishes to take out a secured loan in their name only.
Feel free to get in touch with us to find out how this type of loan could be relevant to your situation.
Yes – A joint borrower sole proprietor secured loan can be helpful for individuals who are looking for ways to increase the value of the loan.
This is when two people apply for a secured loan and only one of the applicants is the legal owner of the property, while the other person living there is not on the title deeds.
There are some lenders that will accept a joint application for a secured loan that involves more than two people, the current maximum is 4 applicants.
It would work the same as any other type of joint secured loan, where all the borrowers are jointly and individually liable for the repayments.
Some lenders will allow more joint applicants than others, but this is something we can advise on before you get started, which will help narrow down your options so you can choose the right one based on your needs.
We work with several lenders that will consider offering loans for the purpose of transferring equity or as funds to be used in a divorce settlement.
Transfer of equity occurs when the ownership of a property is transferred, which can include adding or removing a person’s name from the property deeds. This can be as part of a divorce or separation, where one party buys the other’s share in the property.
These types of loans are more complex to complete, as solicitors for both parties need to be involved in the process, particularly when it comes to the transfer of any funds offered by the lender.
As such, a little more time may be needed to finalise the details of the loan, not only due to the additional legal work involved, but also because each lender has its own specific lending criteria.
If you are thinking of applying for a secured loan for this purpose, get in touch with the Willows team and we can help you prepare and plan the documents and information you will need to submit with your application.
Secured loan lenders understand that sometimes circumstances change, especially over the duration of a multi-year repayment schedule.
So, if you currently have a joint secured loan and wish to transfer it to one individual, this shouldn’t be a problem.
Before proceeding, the lender will need to clarify that the individual taking over sole responsibility for the repayments meets their affordability requirements and the other parts of their loan criteria.
In some cases, it may be possible to remain with the same lender. However, depending on the circumstances, switching to a new lender may be more appropriate.
Getting a quote won’t affect your credit score
We’re extremely proud to be rated ‘Excellent’ for our service standards. We’ve helped thousands of customers across the UK over the last 15 years to find the right finance for their needs – no matter how complicated the circumstances. And we look forward to helping you.
Depending on your situation, there can be a fair amount of preparation involved with a joint secured loan application, from gathering and collating your documents, to ensuring you meet the lender’s criteria. The information above should give you a good start point, and of course, the Willows team is always on hand to help you along the way.
To find out how, get in touch with any questions you have about applying for a secured loan or anything else you are unsure about. You can call us today on 01656 766 158 and one of our advisors will be more than happy to help.
If you have a question – we’d be happy to talk to you – simply call us…
(Mon-Fri 9am-8pm, Sat 10am-1pm)
See why we're rated
Helpful and Efficient
I would highly recommend Willows Finance. They helped us organise finance recently and were efficient, transparent and proactive throughout the process. They understood our needs, identified and explained the solution clearly, and helped us to seemlessly complete the application. Thank you Willows!
S Hampton
Helpful and informative staff …
Willows finance have been extremely helpful and efficient in finding me a loan, I feel I’ve had just the right amount of contact not too pushy or overbearing, however they did chase me when I was slow with paperwork etc which was not a bad thing and ended in me receiving a loan in a timely manner.
Julie
10 out of 10 service
Willow finance were great start to finish, they always answered promptly and it was so helpful that they were able to communicate via WhatsApp as I couldn’t always be available for phone calls. Willows Team was patient, answered all my questions and endeavoured to make the process as seamless as possible. I would definitely recommend Willow and would use their services again if I ever needed it!
Faultless service
Great communication and very straightforward process. Everyone I dealt with was knowledgeable and helpful and replied really quickly to any queries I had. Would 100 percent recommend.
Sarah
Helpful
Helpful, understanding and very responsive.
Laura N.
If you are looking for a company that really does put their customers first then look no further.
If you are looking for a company that really does put their customers first then look no further. Their service is second to none. A personal thank you to Willows team who helped me no end.
Nicola
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 OR ANY OTHER DEBT SECURED UPON IT.
Willows Finance is a credit broker not a lender using a representative panel of lenders. We work with a Panel of Lenders whose particulars will be supplied upon request to find a potentially suitable arrangement for your consideration.
For credit broking, we do not provide or offer advice or recommendation. Whichever lender we introduce you to we will receive commission from. Different lenders pay different amounts based on different commission models and interest amounts. For transparency we work with the following commission models: percentage of the amount you borrow, rate for risk (this is based on the risk profile of the proposal).
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. Copyright © 2025 Willows Finance Ltd
Legal
At Willows Finance we ensure your personal information is kept secure and confidential.
PRIVACY OF YOUR INFORMATION
At Willows Finance Ltd, we appreciate that your privacy is extremely important to you. With this in mind, we have put in place a number of measures to ensure that any personal details we obtain from you as a result of visiting this website is processed and maintained in accordance with accepted principles of good information handling and also in accordance with the Data Protection Act 1988.
This statement provides you with details of the type of information we may hold about you, how we obtain and use information and how we protect your privacy.
Willows Finance Limited
Brocastle, Bridgend, CF35 5AS
Authorised and regulated by the Financial Conduct Authority
Firm Reference Number: 670052
Company Number: 6678545 (Registered in England and Wales)
This document outlines the services we provide. If you need clarification, please contact us at 01656 766158.
We offer first and second charge regulated mortgage contracts for business or personal use.
Other finance options may include:
Regulatory Status:
We offer an advised mortgage broking service and provide enough information for you to make an informed decision.
We are not independent financial advisers. Free debt advice is available from the Money Advice Service.
You can view our privacy policy at: https://willowsfinance.co.uk/privacy-cookie-policy/.
Lenders may also have their own privacy policies which will be provided to you.
We charge a broker fee upon loan completion. The average fee is approximately 5%, depending on your situation.
Fee details:
No refund is offered after completion. You may pay upfront or add the fee to your mortgage. Fees and commission will be detailed in your ESIS and Mortgage Agreement.
You will receive a Mortgage Agreement and an ESIS document detailing:
You may cancel your application anytime before completion without any charge. Mortgages cannot be cancelled after completion.
Missing payments can lead to charges, repossession, and negative impacts on your credit rating.
Consolidating debt may result in higher long-term interest. Securing debt against your home increases risk.
Your home may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it.
If you wish to complain, contact us at:
Willows Finance Limited
Brocastle, Bridgend, CF35 5AS
Tel: 01656 766158
You may be able to refer your complaint to the Financial Ombudsman Service.
We are covered by the FSCS. You may be eligible for compensation of up to £85,000 per person per firm for mortgage advice and arranging.
More info: www.fscs.org.uk
After processing your application, you’ll receive a Mortgage Agreement and have a 7-day reflection period.
Contact us during this period with any questions. To proceed, sign and return the agreement.
Let us know what you're looking for today
