Secured Loans

We provide Secured Loans for homeowners from £3,000 up to £250,000 over 3 to 25 years.

We are a direct UK lender, not a broker, so there are no hidden fees or charges.

All credit histories considered!

Apply online NOW!

Secured loans

How much do you
want to borrow?

  • Unlimited over payments
  • Simple application process
  • I am a UK homeowner

Representative Example:

A loan of £25,000 payable over 5 years on a fixed rate of 9.50% would require 60 monthly payments of £546.03. The total amount repayable would be £32,761.80, this includes interest and a product fee of £999. The overall cost for comparison is 11.8% APRC representative.

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The UK's Secured Loan Specialist

Whether you want to consolidate existing debts, release funds for some home improvements or simply raise some cash for any other purpose, one of our loans could be the ideal solution.

We specialise in providing fast secured loans at competitive rates along with a smooth, professional and friendly service.

We are very proud to be one of the UK’s longest established specialist lenders. We have been trading since 1988 as a direct lender, not a broker so we provide our own loans directly to you. Because we are a direct lender, there are no hidden broker fees or charges and we can offer you very quick lending decisions.

We are authorised and regulated by the Financial Conduct Authority and our team of advisors will be there to help you from the start to the finish of your application. They will work as hard as possible to complete your loan as quickly and efficiently as possible and have received excellent reviews from our many, happy customers.

Customer Reviews

We take great pride in providing you with the very best service possible. Whether you need to borrow extra money for home improvements, to consolidate existing debts or for any other reason, our team of experienced, friendly advisors are here to help you.

We won't just be there for you during your application, we are here to help you throughout the entire life of your loan. So should you ever need to borrow some additional funds, or face any challenges at all that require our assistance, simply give us a call and we will be there for you.

As a result of our commitment to providing the very highest levels of service, we have received many fantastic reviews from both new and existing, long-term customers. If you want to borrow with confidence, simply take a look at our reviews page, or take a look at the many independent reviews we have received on TrustPilot.

What are Secured Loans?

Secured loans are a form of lending that use a property (usually your house or apartment / flat) as security.

Using your home as security for a loan allows lenders to be more flexible about who they lend money to. This means that it is often possible for people with adverse, poor or even bad credit histories to borrow the money they require without paying the higher rates of interest sometimes associated with an unsecured loan.

In order to secure a loan, it is essential that you are a homeowner or mortgage holder with enough equity in the property to be used as security for the loan. For this reason, our loans are also often referred to as homeowner loans or second charge mortgages. Secured lending can be a great way to raise the cash you need, when you need it, without paying high interest rates.

Terraced House - Our Loans

Secured Loans for Bad Credit

As well as helping people with good credit, we also provide secured loans for people with adverse, poor or even bad credit score.

If you have previously been declined due to your credit history or you don’t meet one lender’s criteria due to personal circumstances, it doesn’t necessarily mean that every lender will turn you down.

Although some lenders may not be able to assist, at Central Trust, we consider all credit histories, including defaults, CCJ’s, or missed payments. These are however subject to criteria and our underwriting standards.

We have over 30 years of experience helping customers find the right type of loan for their circumstances. As a specialist lender, we can help those that have a poor credit history, previously turned down by high street lenders. Getting a secured loan shouldn’t feel impossible, and we want to help you raise the funds you need, whatever your plans.

There are various reasons why someone would consider to take out a secured loan if they have bad credit. One of the most common reasons is to consolidate their existing debts.

Some individuals take out a secured loan to consolidate multiple debts where they have a high interest rate. Often, they find out that their credit score has improved since taking out these loans and now their credit score is better, they decide to consolidate them to get a lower interest rate. By doing so, they may reduce their monthly repayments.

Or it may be that an individual has multiple debts and struggles to make repayments on time. Consolidating debts into one loan can help simplify their monthly repayments, as it allows them to understand their debt better, making it easier to budget for the month.

All applications for bad credit secured loans are considered on an individual basis so please get in touch to see if we can help you – whatever your credit circumstances, we will do our very best to help you get the secured loan you need.

Secured Loans Online

Applying for a secured loan online with Central trust couldn't be simpler...

Our quick and easy online application form lets you send us all the initial information we need to begin your application. It only takes a few minutes to complete and we only need some very basic information.

We just need to know:

  • • The amount of money that you wish to borrow
  • • The rough value of your property
  • • How much (if anything) you have left to repay on your mortgage
  • • Your contact details in case we need to ask you any further questions and to provide your quote

If you need to raise some extra money from your property without delays, you can apply online for a loan here...

Why choose Central Trust?

We are here for you. We will provide the secured loan you need without delays and with a fantastic level of service.

As a direct lender with over 30 years’ experience, we know exactly what it takes to provide the very best service available…

Over 30 Years’ Experience

We are one of the UK’s longest established specialist lenders trading since 1988 giving us over 30 years’ experience providing secured loans, homeowner loans and second mortgages. We provide fast loans at great rates and pride ourselves on providing a level of service second to none.

Simple Application Process

Applying for a loan with Central Trust couldn’t be simpler. You can call our loans team directly on 0800 980 6273 (Mon–Fri: 8:00 am–7:00 pm / Sat: 9:00 am–1:00 pm) or you can apply online at any time using our quick and easy online form.

Friendly Personal Service

We pride ourselves on our service! We treat every single one of our customers with courtesy and respect and if we need to contact you, we’ll always make sure it’s at a time that suits you. We will answer any questions you may have honestly and deal with any problems quickly and fairly.

Rates for Secured Loans

The exact cost and terms of all types of loan varies from lender to lender and borrower to borrower, but in most cases it is your personal circumstances that will determine the terms of your loan. We will always offer you the best secured loan rates that we can; however the exact interest rate we will be able to offer you may vary depending on your credit score.

We will always check that the monthly repayments are affordable before finalising your loan as it is important to remember that your home may be repossessed if you fail to repay your loan; however, we will always try to help you to ensure this is the last resort.


Here are some of the factors that we will consider when we look at your loan application:

  • • Your income – it is essential that you can afford your repayments
  • • Your credit score – if you have bad credit we may still be able to help, though it may affect the interest rate of the loan.
  • • Existing credit commitments – these will affect how much you can afford to repay each month
  • • The amount of equity available in your property – there must be enough equity in your home to cover the value of any loan secured against it


If you are thinking about taking out a secured loan, it’s really important you assess how affordable the repayments of your loan will be, as the consequences of not keeping up with your repayments can vary. We will always work with our customers to ensure that their loan repayments are affordable, however if circumstances change, we are here for you and will work to find a suitable solution.

As with any loan, it’s important to understand that falling behind on your repayments could potentially impact your credit score, and in some extreme cases, could potentially risk the ownership of / lose your home if your loan is secured against it.

Benefits of a Secured Loan

Here are some of the benefits of using your home as security against a loan:

  • • Interest rates for secured loans can be relatively low compared to unsecured loans
  • • You are likely to be able to borrow a larger sum
  • • You could get a longer repayment period than with a personal loan (although the longer the repayment period, the more interest you pay overall)
  • • You may still get a loan despite a poor or bad credit history / rating

As with all loans, the exact interest rate of your secured loan will depend on your personal circumstances. Generally, the better your credit rating, the lower the interest rate. We will still do our very best to help you even if you don’t have a good credit rating, although this may result in you being offered a higher interest rate.

How Does a Secured Loan Work?

Secured loans use your home as security against the amount of money you require (this is also known as providing ‘collateral’). It is important to think carefully before securing debts against your home as this means that the lender would be able to take ownership of your property in exchange should you fail to repay the loan.

This allows you to access better interest rates as well as larger amounts of money (providing your property has enough equity to cover the amount that you have borrowed). Using your property as security may also allow you to borrow the money you require even if you have a less favourable credit rating. If you are unsure of your credit rating, you can carry out a free check here.

Unsecured loans (sometimes referred to as a “personal loan”) do not require any assets to be offered in exchange for the loan, so they are often considered to be a higher risk for lenders. As a result, they usually have higher interest rates, and shorter repayment periods. Additionally, you generally need to have a good credit score to be approved for one, as this provides the lender with more confidence that you will repay them.

What are secured loans used for?

Secured loans can be used for various different reasons. In most cases, they are used to raise funds for home improvements and to consolidate existing debts. However, they can be used for other purposes such as business investments and tax bills.

This type of loan is often a solution for borrowers looking to consolidate multiple, expensive lines of debt that they have accumulated, into one single loan. This can help borrowers understand their debt better, simplify their monthly payments and potentially reduce the interest a borrower pays.

Home improvement loans can provide borrowers with the funds they need to renovate, and improve their home, which could increase the value of their property. These home improvement projects could be to simply install a new bathroom, adding an extra bedroom or building an extension.

Keyring - Are secured loans easy to get

How much can I borrow with a secured loan?

The amount you can borrow relies on the available equity that’s in your home. Equity is the portion of your home that you own outright free from any mortgage.

At Central Trust you can borrow as little as £3,000, up to a maximum of £250,000, with repayment terms from 3 to 25 years. It’s easy to apply, simply fill out our application form, or call the number at the top of this page.

Whilst secured loans can give individuals the funds they require, it is important to note that mortgage offers are dependent on various factors. Lenders will look at an applicant’s personal circumstances, such as their income, credit history and outgoings.

How much do secured loans cost?

The cost of this type of loan depends on several factors, including:

  • • The amount you borrow – the more money you borrow the more you will have to repay. As mentioned above, how much you are able to borrow is dependent on the equity in your property and your personal circumstances.
  • • The length of your loan term – If you borrow over a longer period, you will have to pay more in interest over the term.
  • • Interest rate – this will determine how much your monthly payments will be. Lenders charge borrowers interest, so you will repay the amount you’ve borrowed plus the interest.
  • • Loan fees – usually when taking out a secured loan there are arrangement fees charged by the lender for setting up and agreeing to the loan. If you were to apply through a broker, you may have to pay an additional broker fee.

What is the difference between a secured and unsecured loan?

There are a few fundamental differences between these types of loans that are important to understand, to ensure that you chose the right loan for you.

With a secured loan, your home acts as a form of security for lenders. This therefore means that lenders have the right to repossess your property to take back the money they are owed.

Whereas with an unsecured loan, the money you’ve borrowed is not secured to any form of asset. As a result, mortgage lenders tend to consider unsecured loans as higher risk than loans secured against a property because there is no collateral in place.

Instead, lenders will primarily rely upon the applicant’s credit rating and agreement to repay the loan.

Usually, applicants are allowed to borrow a larger sum of money with a secured loan, which has a lower interest rate in comparison to an unsecured loan.

This is because the asset used to secure the loan reduces the financial risk for lenders. Although, this is dependent on other factors related to the borrower’s personal circumstances.

With an unsecured loan the amount you can borrow is usually smaller, with a higher interest rate. This is because lenders are take a bigger risk, as an asset hasn’t been used for security.

Finding the right loan for you

Before agreeing to a secured loan, it’s important to find a loan that meets your specific borrowing requirements. You should consider:

  • • How much you can borrow – it’s worth calculating how much you could realistically afford to repay each month, taking the interest rate and your monthly expenses into consideration.
  • • Your financial situation – this may change over the term of your loan. Therefore, it’s important to think about any future expenses such as starting a family, which could have an impact on your ability to pay off the loan.
  • • Loan to value – before enquiring about a loan you should find out how much equity you have in your property. If you don’t have a lot of equity, the amount that you could borrow will be limited, and you may not be eligible for this type of loan.
  • • Credit search – as part of your application, a credit search will almost certainly be carried out. At Central Trust, we complete a soft search initially, and only carry out a hard credit search when you go through the application process.
  • • We may also be able to help you if you are looking for a buy to let secured loan.

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