Secured Loans

Flexible Secured Loan Solutions

Need to raise funds without remortgaging your current property? A secured loan could provide a flexible way to access additional borrowing while keeping your existing mortgage in place.

At BridgeCross Finance, we help homeowners, landlords and property investors secure tailored second charge and secured loan solutions designed around their circumstances and financial goals.

Whether you are funding home improvements, consolidating debt, raising business capital, or releasing equity from property, we work with a broad panel of specialist lenders to source competitive secured loan options.

Talk to us

What Is a Secured Loan?

A secured loan is a form of borrowing secured against a property you already own.

Often referred to as a second charge mortgage, a secured loan sits alongside your existing mortgage rather than replacing it. This means you may be able to raise additional finance without disturbing a competitive mortgage rate you already have.

Unlike a remortgage, secured loans can sometimes offer greater flexibility depending on your circumstances, especially where traditional mortgage lenders may be restrictive.

Secured loans may be suitable for:

Home improvements and renovations
Debt consolidation
Raising funds for business purposes
Property investment opportunities
Tax liabilities or large expenses
Funding deposits for additional property purchases
Capital raising for personal or commercial reasons

How it works

Most bridging loans are structured with rolled-up or retained interest, meaning:

You don’t make monthly payments
Interest is calculated upfront and added to the loan
The full balance is repaid at the end of the term

For example, if a lender offers 75% loan-to-value, the actual funds you receive may be closer to 65% once interest and fees are accounted for.

This structure keeps things simple during the term – no monthly payments, just a clear plan from day one.

Speak to a friendly expert

What Can a Secured Loan Be Used For?

Secured loans are highly flexible and can support a wide range of financial objectives, including:

Home Improvements

Funding renovations, extensions, loft conversions or property upgrades can add value to your home while spreading costs over time.

Debt Consolidation

Some borrowers use secured loans to consolidate existing debts into one manageable monthly payment.

Property Investment

Raise capital against existing property to support buy-to-let investments, refurbishments or new opportunities.

Business Purposes

Business owners sometimes use secured lending to improve cash flow, purchase equipment or fund expansion plans.

Large One-Off Expenses

Secured loans may also be suitable for significant expenses where flexibility and larger borrowing are required.

Secured Loan FAQs

A second charge mortgage is another name for a secured loan. It is secured against your property while sitting alongside your existing mortgage rather than replacing it.

Second Charges often don’t have the need for conveyancing, meaning that a long winded part of the property finance process is removed. This means that the correct answer for this is ‘however long it takes the lender to assess your case and offer you the money and then how long it takes you to accept the offer’. Lenders will receive your accepted offer and usually fund within 24 or 48 hours.

Not necessarily, no. Most second charge lenders will consider debt consolidation and understand that clients who need debt consolidation may have had some historical adverse credit. Second charge mortgages are a great way to consolidate your payments down to one, often, lower monthly payment. It is always best to speak to a broker on if this is suitable for you.

Timeframes vary depending on the complexity of the case and lender requirements, but secured loans can often be arranged relatively quickly.

Generally speaking, as the lender is taking a higher risk by offering you a second charge, the interest rate will be higher than your first charge mortgage. Due to this, it may sometimes be worth considering if it makes more financial sense to refinance your first charge, which again leads to working with a broker and fully explaining your scenario to them, in order to receive the best advice. You can also jump back to our second charge mortgage calculator above and play around with different scenarios in order to work out what may be best for you.