New Fixed Rate Secured Loan

Link Loans, secured loan lenders, have launched a new secured loan product with a fixed rate for 3 years, This new loan is available to both employed and self-employed borrowers, with a maximum LTV(Loan To Value) of 75%.Fixed rate lending is a feature of other finance products but is rarely available in the secured loan market. The finance industry has seen a rise in the popularity of fixed rates for mortgages as consumers have become more concerned about possible increases in the base rate.

As first charge lending criteria remains strict, secured loans have an increasingly important role to play as an alternative to a remortgage.

 

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