Personal Secured Loans
Looking for some money?
Our Personal Secured Loans are at a variable rate, currently 9.49% (SVR +2%), for the life of the loan.
The overall cost for comparison is 10.2% APR.
You can choose to repay a secured loan over five to thirty-five years.
Your personal secured loan is secured against your home so we do recommend that you think about taking out our payment protection insurance when you apply.
How much can I borrow?
You can borrow any amount from £3,000. Your current mortgage balance plus your new secured loan combined can be worth anything up to 90% of the value of your property.
Your interest will be calculated on the same basis as your current mortgage and if your mortgage is flexible you'll also have full flexibility on your secured loan. This means you can overpay, underpay and take payment holidays to suit your finances (subject to terms and conditions).
Can I apply?
Our personal secured loans are available only to northern rock mortgage holders.
Customers who hold a Northern Rock Lifetime or Buy to Let mortgage and are considering taking additional borrowing should contact us on 0845 602 2106 for further details.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.