Secured loans for bad credit in Greater Manchester
Need to raise funds against your home but worried about your credit? Secured loans can be available even with adverse credit. We'll help you weigh up whether it's the right move.
Free chat · No obligation · Whole-of-market access
Raise funds against your home — even with bad credit
Sometimes you need to raise a lump sum — for home improvements, a major expense, or to consolidate debt — but your credit history makes an unsecured loan hard to get. A secured loan can be an option, because it's backed by the equity in your property.
As a specialist broker covering Greater Manchester, we have whole-of-market access to secured loan lenders who accept adverse credit. But a secured loan is a serious commitment — your home is at risk if you don't keep up repayments — so our job is to help you decide honestly whether it's the right route, or whether something else suits you better.
We're an appointed representative of Oak Mortgages Ltd, authorised and regulated by the Financial Conduct Authority. Straight-talking, regulated advice for homeowners across Leigh, Bolton, Wigan and the wider region.
Who we help
Secured loans can work for homeowners in a range of credit situations:
CCJs & defaults
Because the loan is secured against your home, lenders can often look past adverse credit that would block an unsecured loan.
Missed payments
A history of missed payments doesn't automatically rule out a secured loan with the right specialist lender.
IVAs & DMPs
Some secured loan lenders consider applicants with active or discharged debt arrangements.
Home improvements
Funding an extension, renovation, or major project using the equity built up in your home.
Debt consolidation
Rolling expensive unsecured debts into one secured payment — where the trade-off genuinely makes sense for you.
Keeping a good mortgage rate
If your current mortgage has a low rate or early repayment charges, a secured loan avoids disturbing it.
How it works
Free chat
Tell us what you need to fund and your credit position. We'll be honest about whether a secured loan is the right route.
Soft credit check
We review your credit and equity position without leaving a hard footprint on your file.
Lender matching
We compare secured loan lenders — and weigh a secured loan against a remortgage — to find your best route.
Application & completion
We handle the paperwork and guide you through to completion, keeping you informed at every stage.
Where we help across Greater Manchester
Local secured loan advice for homeowners with adverse credit, wherever you are:
Leigh
Our home town. Local knowledge and lender relationships. Secured loans for bad credit in Leigh.
Atherton
Helping Atherton homeowners raise funds against their property. Secured loan advice in Atherton.
Tyldesley
Specialist secured loan help for Tyldesley homeowners. Secured loans for bad credit in Tyldesley.
Bolton
Secured loan advice for Bolton homeowners with adverse credit. Secured loan broker for bad credit in Bolton.
Wigan
Whole-of-market secured loan advice for Wigan and surrounding areas. Secured loan help in Wigan.
Greater Manchester
Covering the wider region for homeowners with adverse credit. Secured loans across Greater Manchester.
Understanding secured loans
A secured loan — also called a second charge mortgage or homeowner loan — is money borrowed against the equity in your property. It sits behind your main mortgage (which is the "first charge"). Because the lender has the security of your home, they can sometimes lend to people with adverse credit who couldn't get an unsecured loan.
Secured loan vs remortgage
If you need to raise funds, you've usually got two main options: a secured loan or a remortgage. A remortgage replaces your whole mortgage; a secured loan adds a separate loan alongside it. A secured loan often makes sense if your current mortgage has a great rate you don't want to lose, or early repayment charges that would make remortgaging expensive. We'll compare both and explain which suits you — see also our bad credit remortgage options.
The important trade-off
Because a secured loan is tied to your home, the stakes are higher than with unsecured borrowing. Your home may be repossessed if you don't keep up repayments. If you're consolidating unsecured debt, you're converting debt that wasn't secured against your home into debt that is — and spreading it over a longer term may mean paying more interest overall, even if the monthly payment is lower. We'll always walk you through this honestly so you can make an informed decision. If your aim is purely to reduce monthly payments, also consider our debt consolidation options.
What our clients say
Frequently asked questions
Can I get a secured loan with bad credit?
What is a secured loan?
Why choose a secured loan over a remortgage?
How much can I borrow with a secured loan?
What can I use a secured loan for?
Is my home at risk with a secured loan?
Do you charge a fee?
Related services
Need to raise funds? Let's talk it through.
One call. Honest answer. We'll tell you straight whether a secured loan is right for you — or whether something else fits better.
Call Chris on 07359 911 696Monday to Friday, 9am–7pm · Saturday 10am–2pm
Your home may be repossessed if you do not keep up repayments on your mortgage.
Think carefully before securing other debts against your home. A secured loan is a second charge secured against your property — your home may be repossessed if you do not keep up repayments. Consolidating existing debt into a secured loan may reduce your monthly payments but could increase the total amount you repay, as the debt is spread over a longer term.
Chris Smith Mortgages is an appointed representative of Oak Mortgages Ltd, which is authorised and regulated by the Financial Conduct Authority. FRN 1026569.