Secured Loans in Melton Mowbray

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

Melton Mowbray 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 1,046 property transactions in Melton Mowbray during 2022 with an average sale price of £300,600. 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 Melton Mowbray 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 Melton Mowbray, either leave your details on our contact page and we will get straight back...

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Melton Mowbray Quick Facts

Based on 480 registered sales in 2022, the median house price in Melton Mowbray is £249,925 and the average price is £294,369.

In Melton Mowbray the median house price of £249,925 during 2022 is a 4.15% increase on the 2021 median price of £239,975. The 2022 median price is a 62.42% increase on the median price 10 years ago in 2013 of £153,875.

In Melton Mowbray during 2022 there have been 480 sales, including 101 terraced houses, 183 detached houses, 159 semi detached houses, 17 flats/maisonettes and 20 other properties.

Melton Mowbray Previous Month Prices

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

Sample Sales Average Change Median Change
Nov 2022 8 £279,744 -8.6% £247,500 1%
Oct 2022 34 £306,050 -3.7% £244,975 3.4%
Sept 2022 43 £317,662 4.8% £237,000 -9.7%
Aug 2022 52 £303,023 -2.3% £262,500 7.1%
Jul 2022 65 £310,071 15% £245,000 3.2%
Jun 2022 38 £269,734 -21% £237,500 -10.4%
May 2022 41 £341,237 24% £265,000 7.3%
Apr 2022 46 £275,119 -0.4% £247,000 1.6%
Mar 2022 55 £276,338 -5.1% £243,000 -13.2%
Feb 2022 45 £291,064 20% £280,000 24.4%
Jan 2022 33 £242,495 -13% £225,000 -2.2%
Dec 2021 81 £278,813 5.9% £230,000 3.6%
Nov 2021 57 £263,295 -7.1% £222,000 -6.3%

Sample Sales Average Change Median Change
Nov 2022 1 £435,000 -10.9% £435,000 -2.4%
Oct 2022 10 £488,400 -9% £445,750 -9%
Sept 2022 13 £536,654 32.7% £490,000 36.1%
Aug 2022 22 £404,293 -8.6% £360,000 -17.6%
Jul 2022 28 £442,395 21.2% £437,000 28.2%
Jun 2022 14 £365,107 -26% £340,750 -17.9%
May 2022 19 £493,369 41.3% £415,000 36.7%
Apr 2022 22 £349,047 -2.8% £303,475 -10.6%
Mar 2022 22 £359,250 -1.7% £339,500 1.3%
Feb 2022 23 £365,626 22.7% £335,000 11.7%
Jan 2022 9 £297,939 -23% £299,950 -12.4%
Dec 2021 33 £386,800 -3% £342,500 2.6%
Nov 2021 18 £398,858 -7.3% £333,750 -1.8%

Sample Sales Average Change Median Change
Nov 2022 4 £233,250 -8.7% £231,000 0.4%
Oct 2022 15 £255,380 4.5% £230,000 -2.1%
Sept 2022 22 £244,498 -4.1% £235,000 3.5%
Aug 2022 19 £254,974 10.8% £227,000 3.2%
Jul 2022 19 £230,045 1.9% £220,000 0%
Jun 2022 14 £225,782 -13.9% £220,000 -12%
May 2022 8 £262,250 5.9% £250,000 8.5%
Apr 2022 10 £247,750 5.4% £230,500 4.8%
Mar 2022 15 £235,087 4.5% £220,000 5.4%
Feb 2022 18 £224,972 -9.2% £208,750 -11.2%
Jan 2022 15 £247,793 8.2% £235,000 9.3%
Dec 2021 29 £229,034 9% £215,000 7.5%
Nov 2021 31 £210,027 -4.6% £199,995 0%

Sample Sales Average Change Median Change
Nov 2022 3 £289,983 58.8% £279,950 65.9%
Oct 2022 8 £182,625 15% £168,750 5.5%
Sept 2022 7 £158,857 -18.4% £160,000 -11.7%
Aug 2022 9 £194,583 1.7% £181,250 3.5%
Jul 2022 17 £191,277 -8% £175,100 -2.7%
Jun 2022 8 £207,806 5% £179,975 4%
May 2022 9 £197,828 10.8% £173,000 4.8%
Apr 2022 14 £178,496 -21.1% £165,000 -21.4%
Mar 2022 15 £226,221 41.6% £210,000 33.8%
Feb 2022 4 £159,750 -15.5% £157,000 -19.5%
Jan 2022 7 £189,143 -4% £195,000 1%
Dec 2021 14 £196,928 19.6% £193,000 18.8%
Nov 2021 8 £164,688 1.7% £162,500 -3.3%

Sample Sales Average Change Median Change
Nov 2022 0 £0 0% £0 0%
Oct 2022 1 £230,000 19.8% £230,000 19.8%
Sept 2022 1 £192,000 43.8% £192,000 43.8%
Aug 2022 2 £133,500 -7.9% £133,500 -7.9%
Jul 2022 1 £145,000 -7.9% £145,000 -7.9%
Jun 2022 2 £157,500 6.7% £157,500 6.8%
May 2022 5 £147,650 0% £147,500 0%
Apr 2022 0 £0 0% £0 0%
Mar 2022 3 £125,167 0% £137,000 0%
Feb 2022 0 £0 0% £0 0%
Jan 2022 2 £140,000 66.5% £140,000 100%
Dec 2021 5 £84,100 0% £70,000 0%
Nov 2021 0 £0 0% £0 0%

Melton Mowbray House Price Information

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

Melton Mowbray House Price Data

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Melton Mowbray Yearly Price Changes

Year on year percentage changes in Melton Mowbray.

Melton Mowbray 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.