This differs for every situation & every lender has different minimum & maximum amounts you can borrow, this commonly ranges form £5,000 - £100,000 but you can find some lenders willing to offer more or less.

The whole idea of a secured loan is that it is borrowed using your assets as security, if you default the lender can sell off your assets to reclaim their debt. If your home is worth £150,000 and you owe £100,000 on your mortgage then theoretically you'll be able to borrow £50,000, however, in recent years many providers are lending above this amount, what you will find is that the interest rate may be higher than a smaller lower risk loan.

There are many factors used in calculating your ability to borrow & repay and how much credit the lender is willing to give you, many lenders specialise in different types of situation so be sure to shop around for the best rate.

Please be sure to check out our lenders page to find the loan that suits you best.