Secured Loans with No Broker Fee!
A Secured Loan is a second charge mortgage which means that you are using your house as collateral to borrow money. Secured Loans are regulated by the Financial Conduct Authority to ensure that you are treated fairly by both lenders and finance brokers.
Did you know that if you use a broker to arrange your loan there is no limit to how much they can charge for their services? Many brokers charge more than a 10% Broker Fee!
What We Do
StarLoans is a specialist Direct Lender only offering Secured Loans. Because you Deal Direct with us you will not be charged a Broker Fee.
Your interests are paramount. We take time to understand your financial circumstances and what is in your best interests. StarLoans is the Lender so we want you to be completely happy with all aspects of our Secured Loans.
We can guarantee a great experience because you are dealing directly with us! Our experienced friendly service has no upfront fees, hidden costs or exorbitant charges. And No Broker Fee means more money in your pocket.
Application will not affect your Credit Score
Applying won’t affect your credit score as we only perform a “soft search” which leaves no footprint on your credit file at a Credit Reference Agency.
At StarLoans we are the lender so when we give you a personalised quote we mean it. Your loan can be for any purpose and we will consider all your circumstances. It just takes two minutes to complete our easy application form after which you are immediately emailed to confirm that we have received your application.
There is no middleman to get in the way. The application form comes only to us. And to no-one else. Ever! We will always respect your privacy.apply online for a free no obligation quote
Secured Loans from £3,000 to £30,000 for Any Purpose
Secured Loans are typically used for home improvements or debt consolidation. But any purpose can mean a wedding, holiday of a lifetime or helping family on to the property ladder. Since loans are secured on residential property – your home – we prefer that our loans are not used for business purposes.
Home improvements can be expensive but a Secured Loan can spread the cost. Wisely spent, home improvements will increase the enjoyment of your home and should increase your home’s market value. Debt consolidation allows you to settle expensive debt and take control of your finances.
Our Secured Loans have Fixed Interest Rates
Interest rates can move up and down. An unexpected payment increase may cause borrowers financial stress. This cannot happen with StarLoans because all our loans have a fixed interest rate. Our research tells us that this is what you want. With StarLoans you know where you are.
Other lenders usually insert small print enabling them to vary interest rates. This is because they have borrowed money themselves and don’t want to have their profits squeezed! StarLoans is 100% self funded so we don’t need to raise our interest rates in line with the Bank of England Base Rate. Our fixed rates are guaranteed in our credit agreement.
Sensible Alternative to Remortgaging
If you do not want to give up a good mortgage deal or pay a high exit fee to leave your First Mortgage, a Secured Loan is a sensible financial alternative. A mortgage exit fee is called an Early Repayment Charge which you must pay if settling during your mortgage tie-in period. It is usually a percentage of the outstanding mortgage or a certain number of monthly interest payments. The ERC can be high during the early years of a new mortgage but falls over time.