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Secured Loan on a UK property

Last post Tue, Jan 03 2012, 11:22 AM by Skywalker. 4 replies.
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  •  Tue, Jan 03 2012, 11:22 AM

    Re: Secured Loan on a UK property

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    The loan may well be secured on the property, but you will still have to show affordability, that is to say a taxed income that will more than support the loan.

    Therein will be the problem in my view.
    • Post Points: 5

  •  Tue, Jan 03 2012, 5:37 AM

    Re: Secured Loan on a UK property

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    According to me you need UK address to get secured loans in UK. As you said you have a uk property and want to get loans up to £30,000 for 10 years then it can help you to get secured loans.
    • Post Points: 20

  •  Wed, Dec 28 2011, 12:17 PM

    Re: Secured Loan on a UK property

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    For the UK address route you will also need a UK bank account showing lender specific qualifying income being paid into it. If this is rental income you will normally need to show SA302's to show the income is taxable.
    • Post Points: 5

  •  Tue, Dec 27 2011, 9:24 PM

    Re: Secured Loan on a UK property

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    You will need a UK address to get a mainstream UK loan or mortgage. If this isn't the case, a more expensive option would be to enquire with some of the offshore banks on the Isle of Man and the Channel Islands.
    • Post Points: 20

  •  Tue, Dec 27 2011, 1:07 PM

    Secured Loan on a UK property

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    Is it possible to get a secured loan on a UK property? I am a non UK national with property in the UK with no mortages on it. looking for 30,000 for 10 years.
    • Post Points: 35