Can you get a secured financing and no mortgage?
You can’t rating a guaranteed financing and no mortgage, since loan try tied to your house. If you have zero mortgage as you features paid off it well, you can thought remortgaging or unsecured funds instead. When you are leasing otherwise living with your mother and father, you might imagine an unsecured types of borrowing rather.
Whenever do We imagine a guaranteed mortgage?
You ought to just envision a protected mortgage when you yourself have an enthusiastic asset to help you safer they facing (such as your household), and you’re yes you can satisfy your monthly payments promptly as well as in full per month. Including, remember, for individuals who consolidate your credit, your ount you repay as a whole.