Secured loans are an 'increasingly attractive option'

A total of 538 people took part in the poll and were asked, ‘With falling mortgage funding do you believe secured loans are becoming an increasingly attractive option?’

The results are as follows:

- Yes                         61.59%

- No                          27.54%

- Not sure                10.87%

Maeve Ward, of Shawbrook Bank, commented:

"It is very encouraging to see that the majority of brokers that took part in the poll view secured loans as a viable alternative for their clients.

"Shawbrook has quickly established itself as a leader in the secured loans market, ensuring that its products can offer a viable alternative to mainstream remortgaging;  in many cases this enables customers to retain competitive mortgage deals whilst obtaining the shorter term finance they need.

"Secured loans have no costly early repayment charges and combined with the ability to tailor the term to serve a specific loan purpose, are fast becoming a very effective and flexible solution for many customers."


The latest myintroducer poll, in association with Countrywide, is 'Should the Government use their influence so that banks establish and enforce mortgage lending targets as a pre-condition for receiving support?'. Take part in the poll here.