Secured Loans in Cullompton

If you are looking for independent broker advice to arrange a secured loan in Cullompton then we can help.

Cullompton Secured Loans Explained

A secured loan, also known as a second mortgage or homeowner loan, is a type of loan where the borrower uses their home as collateral. This means that the lender has a "second charge" on the property, behind the primary mortgage, in the event that the borrower is unable to repay the loan. Because the loan is secured against the property, interest rates on these loans tend to be lower than those on unsecured loans. This makes them a popular option for homeowners looking to borrow money at a lower cost.

Secured lending can be used for a variety of purposes, one of which is debt consolidation. Debt consolidation is the process of combining multiple high-interest debts, such as credit card balances or personal loans, into one single loan with a lower interest rate. By consolidating their debts into a single secured loan, homeowners can save money on interest and simplify their monthly payments.

Keep in mind, however, that when taking a secured loan, a homeowner is putting their property at risk in case of non-repayment. It is important to consider all options and seek professional advice before making any decision.

Did you know there were 441 property transactions in Cullompton during 2022 with an average sale price of £359,012. Read More >

Secured Loan Uses

Secured Loans can be used for any purpose from home improvements to funding for business purposes. With lower interest rates than credit cards and unsecured loans they are often used for debt consolidation.

Applying for a Secured Loan

Secured loans often can be arranged without any impact on the first charge mortgage, ideal if you are happy with your current arrangement.

Whole of Market

As a broker we help our clients in Cullompton find the most appropriate deal from the market no matter the circumstance.

Key Points

  • Borrow from £10,000
  • Quote in under 24 hours
  • Money as quick as 10 days

Get Expert Advice

If you are looking to get a quick decision on a secured loan in Cullompton, either leave your details on our contact page and we will get straight back...

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Cullompton Quick Facts

Based on 249 registered sales in 2022, the median house price in Cullompton is £281,250 and the average price is £339,573.

In Cullompton the median house price of £281,250 during 2022 is a 8.17% increase on the 2021 median price of £260,000. The 2022 median price is a 48.03% increase on the median price 10 years ago in 2013 of £190,000.

In Cullompton during 2022 there have been 249 sales, including 65 terraced houses, 90 detached houses, 56 semi detached houses, 21 flats/maisonettes and 17 other properties.

Cullompton Previous Month Prices

Average monthly housing prices in Cullompton over the past year. The most recent months may not presently include all recorded sales.

Sample Sales Average Change Median Change
Nov 2022 4 £321,875 -5% £292,750 -8%
Oct 2022 18 £338,806 9.4% £318,250 20.8%
Sept 2022 20 £309,575 -13.8% £263,500 -24.7%
Aug 2022 29 £359,342 -3.2% £350,000 25%
Jul 2022 24 £371,042 17.2% £280,000 10.9%
Jun 2022 20 £316,692 -3.8% £252,500 -9.8%
May 2022 21 £329,332 7.9% £280,000 5.4%
Apr 2022 20 £305,285 7.4% £265,600 0.2%
Mar 2022 28 £284,146 -32.9% £265,000 -22.1%
Feb 2022 28 £423,442 26.2% £340,000 31.8%
Jan 2022 20 £335,475 44.6% £258,000 18.3%
Dec 2021 25 £232,012 -25.3% £218,000 -18.7%
Nov 2021 23 £310,498 -4.8% £268,000 27.6%

Sample Sales Average Change Median Change
Nov 2022 1 £329,000 -24.7% £329,000 -17.1%
Oct 2022 7 £437,071 -7.7% £397,000 -11.2%
Sept 2022 5 £473,400 9.5% £447,000 8.4%
Aug 2022 12 £432,162 -29.4% £412,475 2.2%
Jul 2022 8 £611,875 22.3% £403,750 -25.3%
Jun 2022 8 £500,238 1% £540,250 21.3%
May 2022 8 £495,188 22.2% £445,500 15.7%
Apr 2022 9 £405,217 -0.4% £385,000 10%
Mar 2022 9 £406,900 -33.1% £350,000 -31.4%
Feb 2022 15 £608,296 28.3% £510,000 11.8%
Jan 2022 8 £474,062 20% £456,250 25%
Dec 2021 4 £395,000 -15.5% £365,000 -9.6%
Nov 2021 10 £467,395 -2.1% £403,750 -1.4%

Sample Sales Average Change Median Change
Nov 2022 1 £645,000 58.4% £645,000 71.8%
Oct 2022 4 £407,125 42.9% £375,500 41.7%
Sept 2022 6 £285,000 -9.3% £265,000 -4.5%
Aug 2022 9 £314,167 5.8% £277,500 20.7%
Jul 2022 5 £297,000 17.9% £230,000 -8.9%
Jun 2022 4 £251,862 -17.3% £252,500 -16.5%
May 2022 4 £304,639 22.6% £302,500 21%
Apr 2022 5 £248,500 -18.5% £250,000 -13%
Mar 2022 6 £305,000 28.9% £287,500 27.8%
Feb 2022 7 £236,705 -19.2% £225,000 -12.1%
Jan 2022 5 £292,900 13.6% £256,000 -2.5%
Dec 2021 7 £257,900 -3.8% £262,500 -2.1%
Nov 2021 1 £268,000 -46.8% £268,000 -46.8%

Sample Sales Average Change Median Change
Nov 2022 1 £256,500 13.2% £256,500 11.5%
Oct 2022 5 £226,500 -3.6% £230,000 -4.2%
Sept 2022 9 £234,944 -26.7% £240,000 -12.7%
Aug 2022 7 £320,639 36.2% £275,000 15.8%
Jul 2022 8 £235,500 18.5% £237,500 14.5%
Jun 2022 4 £198,750 -5.9% £207,500 -5.7%
May 2022 7 £211,286 -5.2% £220,000 2.3%
Apr 2022 4 £222,812 8.3% £215,000 3.6%
Mar 2022 10 £205,800 -24.7% £207,500 -13.5%
Feb 2022 3 £273,333 31.7% £240,000 9.1%
Jan 2022 7 £207,499 9.2% £220,000 22.2%
Dec 2021 10 £190,000 -9.2% £180,000 -3.2%
Nov 2021 9 £209,333 15.2% £186,000 -4.6%

Sample Sales Average Change Median Change
Nov 2022 1 £57,000 -59% £57,000 -59%
Oct 2022 2 £139,000 0% £139,000 0%
Sept 2022 0 £0 0% £0 0%
Aug 2022 1 £163,000 -23.7% £163,000 -24.2%
Jul 2022 3 £213,667 61.4% £215,000 48.3%
Jun 2022 4 £132,375 3% £145,000 12.9%
May 2022 2 £128,460 -20.9% £128,460 -20.9%
Apr 2022 2 £162,500 20.1% £162,500 25%
Mar 2022 3 £135,333 59.2% £130,000 124.1%
Feb 2022 3 £85,000 0% £58,000 0%
Jan 2022 0 £0 0% £0 0%
Dec 2021 4 £128,750 22.4% £130,500 11.1%
Nov 2021 3 £105,167 -30.3% £117,500 -16%

Cullompton House Price Information

For more information on house prices in Cullompton, go to our dedicated Cullompton house price page for charts and postcode sector comparisons.

Cullompton House Price Data

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Cullompton Yearly Price Changes

Year on year percentage changes in Cullompton.

Cullompton 2022 Price Distribution

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Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.