The lenders assess the value of the home and then offer the loan amount according to the equity present in your property. The higher the value of your home, higher would be the loan amount you can borrow. Usually, the lenders can offer you a loan amount up to 90 percent of the equity present in your home. But some lenders can even offer you as high as 125 percent of the equity.  The entire process takes around one week's time to get the loan amount.

Usually, the lenders offer a variable APR (Annual Percentage Rate) with the secured loan type. The interest rates can go up and down during the entire loan tenure with the base rates of the Bank of England. The base rates keeps on changing in order to keep the inflation under control.

People with adverse credit history can also seek a secured loan type. A bad credit secured loan will not only help you in availing a loan, but it can also give you an opportunity to improve your credit record.   

You can approach high-street banks, building societies and the private lenders to avail a secured loan type. You need to do a comparison analysis in order to avail the loans on better terms and conditions.