2.98% APR Halifax Secured Loan options for UK Homeowners

Halifax Secured Loan

  • Borrow over £12,000 with a Halifax Secured Loan
  • Loan to Value up to 95%
  • Keep your existing mortgage
  • 2.98% APR Rate
  • Small Valuation Fee
  • No Lenders Fees or Brokers Fees to pay

 

 

 

 



A Low Rate Halifax Secured Loan a Low Cost Option

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£19,555.80
Fees
£1,815
Overall cost for comparison
5.3% APRC
To pay off balance over 240 months
£73.92 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£23,476.80
Fees
£1,320
Overall cost for comparison
7.7% APRC
To pay off balance over 240 months
£92.32 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£23,497.20
Fees
£1,770
Overall cost for comparison
7.7% APRC
To pay off balance over 240 months
£90.53 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£26,808.60
Fees
£1,815
Overall cost for comparison
9.5% APRC
To pay off balance over 240 months
£104.14 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£27,193.20
Fees
£1,650
Overall cost for comparison
9.7% APRC
To pay off balance over 240 months
£106.43 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£27,643
Fees
£1,915
Overall cost for comparison
9.9% APRC
To pay off balance over 240 months
£107.20 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Homeowner Loans Halifax alternatives

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£21,146.60
Fees
£1,925
Overall cost for comparison
5.3% APRC
To pay off balance over 240 months
£80.09 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£25,419.20
Fees
£1,880
Overall cost for comparison
7.6% APRC
To pay off balance over 240 months
£98.08 p/m
See Deal
Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£25,432.40
Fees
£1,430
Overall cost for comparison
7.7% APRC
To pay off balance over 240 months
£100.01 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£29,001.80
Fees
£1,925
Overall cost for comparison
9.5% APRC
To pay off balance over 240 months
£112.82 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£29,459.50
Fees
£1,787.50
Overall cost for comparison
9.7% APRC
To pay off balance over 240 months
£115.30 p/m
See Deal
Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£29,896.20
Fees
£2,025
Overall cost for comparison
9.9% APRC
To pay off balance over 240 months
£116.13 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Similar Illustration to Halifax secured loans

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£22,735
Fees
£2,035
Overall cost for comparison
5.3% APRC
To pay off balance over 240 months
£86.25 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£27,338.80
Fees
£1,990
Overall cost for comparison
7.6% APRC
To pay off balance over 240 months
£105.62 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£27,388
Fees
£1,540
Overall cost for comparison
7.7% APRC
To pay off balance over 240 months
£107.70 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£31,195
Fees
£2,035
Overall cost for comparison
9.4% APRC
To pay off balance over 240 months
£121.50 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£31,725.80
Fees
£1,925
Overall cost for comparison
9.7% APRC
To pay off balance over 240 months
£124.17 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£32,149.40
Fees
£2,135
Overall cost for comparison
9.9% APRC
To pay off balance over 240 months
£125.06 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40 – Secured Loans Halifax likely is a better deal

Secured Loans Halifax Competitors

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£26,373
Fees
£2,145
Overall cost for comparison
5.0% APRC
To pay off balance over 300 months
£80.76 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£32,907
Fees
£2,100
Overall cost for comparison
7.4% APRC
To pay off balance over 300 months
£102.69 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£33,168
Fees
£1,650
Overall cost for comparison
7.5% APRC
To pay off balance over 300 months
£105.06 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£38,379
Fees
£2,145
Overall cost for comparison
9.2% APRC
To pay off balance over 300 months
£120.78 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£39,211.50
Fees
£2,062.50
Overall cost for comparison
9.5% APRC
To pay off balance over 300 months
£123.83 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£39,700
Fees
£2,245
Overall cost for comparison
9.6% APRC
To pay off balance over 300 months
£124.85 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40 – Halifax Secured Loans would be a lower overall cost

Comparison with Halifax Homeowner Loans

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£36,723
Fees
£2,805
Overall cost for comparison
5.0% APRC
To pay off balance over 300 months
£113.06 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£46,068.90
Fees
£2,937.90
Overall cost for comparison
7.4% APRC
To pay off balance over 300 months
£143.77 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees (not Secured Loans Halifax)
Total payable
£46,437
Fees
£2,310
Overall cost for comparison
7.5% APRC
To pay off balance over 300 months
£147.09 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£53,535
Fees
£2,805
Overall cost for comparison
9.2% APRC
To pay off balance over 300 months
£169.10 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans – not Halifax Secured Loans
Total payable
£54,895.50
Fees
£2,887.50
Overall cost for comparison
9.5% APRC
To pay off balance over 300 months
£173.36 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£55,345
Fees
£2,905
Overall cost for comparison
9.6% APRC
To pay off balance over 300 months
£174.80 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71.  Halifax homeowner loans would have a lower monthly payment for many people.

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40 – Homeowner Loans Halifax would be a better deal

Worse deals than Homeowner Loan Halifax offering

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£38,447
Fees
£2,915
Overall cost for comparison
5.0% APRC
To pay off balance over 300 months
£118.44 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£48,260.80
Fees
£3,077.80
Overall cost for comparison
7.4% APRC
To pay off balance over 300 months
£150.61 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£48,647
Fees
£2,420
Overall cost for comparison
7.5% APRC
To pay off balance over 300 months
£154.09 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£56,060
Fees
£2,915
Overall cost for comparison
9.1% APRC
To pay off balance over 300 months
£177.15 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£57,511
Fees
£3,025
Overall cost for comparison
9.5% APRC
To pay off balance over 300 months
£181.62 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£57,951
Fees
£3,015
Overall cost for comparison
9.6% APRC
To pay off balance over 300 months
£183.12 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40 – a Halifax Secured Loan would have been lower overall cost.

 

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

You could consider a No Credit Check Consolidation Loan