Secured loans otherwise called homeowner loans were really a very popular form of loan.

As both these names make obvious, secured homeowner loans are available solely to homeowners and they at the same time need to be secured against an asset of some sort or the other .

The collateral needed is the borrowers home and as this is a security it is registered as such at the Land Registry as in fact is the first mortgage that was arranged to purchase the property originally.

Being secured, these loans have always had good rates of interest and this contributed to their popularity.

Another reason for their attraction is that they can be used for almost any reason from carrying out home improvements, buying a boat, decorating your home, etc.

Secured loans perform many of the same functions as remortgages but the former is faster to arrange, and for those in a hurry for the funds secured loans could well be preferable.

Secured loans were very much he province of the self employed mainly due to the fact that there was no requirement to produce proof of earnings in the form of business accounts.

The self employed wrote what they claimed that they earned on a bill head or on a piece of paper accompanied by a business card and his was called a self cert.

There are at last self employed loans available from Link Loans who deal with intermediaries and secured loans are available to people trading for a minimum of six months.

Now at last self employed loans are available to homeowners trading for only six months.

The equity on their property must be a maximum of 60% and the last three months bank statements are required.

Things have changed for the better as regards self employed loans and Link Loans, through intermediaries, are offering secured loans to self employed borrowers who have been in business for at least six months

There are certain conditions attached to these self employed loans and that is that the maximum loan to value is 60% and three months bank statements must be provided.

Learn more about secured loans. Stop by Champion Finance’s site where you can find out all about self employed loans for you.