Secured Loans in Oldbury

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

Oldbury 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 889 property transactions in Oldbury during 2022 with an average sale price of £201,235. 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 Oldbury 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 Oldbury, either leave your details on our contact page and we will get straight back...

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0141 280 3366

Oldbury Quick Facts

Based on 572 registered sales in 2022, the median house price in Oldbury is £189,250 and the average price is £197,730.

In Oldbury the median house price of £189,250 during 2022 is a 10.67% increase on the 2021 median price of £171,000. The 2022 median price is a 64.57% increase on the median price 10 years ago in 2013 of £115,000.

In Oldbury during 2022 there have been 572 sales, including 172 terraced houses, 60 detached houses, 269 semi detached houses, 55 flats/maisonettes and 16 other properties.

Oldbury Previous Month Prices

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

Sample Sales Average Change Median Change
Nov 2022 6 £200,833 1.7% £197,500 1.3%
Oct 2022 39 £197,551 -10.4% £195,000 -1%
Sept 2022 48 £220,540 13.2% £197,000 3.7%
Aug 2022 49 £194,827 -6.9% £190,000 -9.5%
Jul 2022 55 £209,357 4.8% £210,000 13.5%
Jun 2022 58 £199,703 0.5% £185,000 -5.4%
May 2022 58 £198,722 6.6% £195,500 8.6%
Apr 2022 60 £186,425 -6.3% £180,000 -3.4%
Mar 2022 58 £199,009 1.7% £186,250 -2%
Feb 2022 61 £195,623 7.8% £190,000 6%
Jan 2022 64 £181,434 -4.2% £179,250 3.9%
Dec 2021 60 £189,482 8.6% £172,500 -3.6%
Nov 2021 58 £174,500 4.9% £179,000 4.7%

Sample Sales Average Change Median Change
Nov 2022 1 £385,000 48.4% £385,000 59.1%
Oct 2022 5 £259,400 -39.3% £242,000 -32.8%
Sept 2022 5 £427,480 31% £360,000 2.1%
Aug 2022 4 £326,375 10.3% £352,500 27.7%
Jul 2022 4 £296,000 7.5% £276,000 6.2%
Jun 2022 7 £275,429 -7.7% £260,000 -14.8%
May 2022 7 £298,286 16.1% £305,000 8.9%
Apr 2022 7 £256,857 -19.6% £280,000 -7.6%
Mar 2022 6 £319,500 2.8% £303,000 -2.7%
Feb 2022 8 £310,812 8.7% £311,250 12.2%
Jan 2022 6 £286,000 -14.2% £277,500 -12.6%
Dec 2021 6 £333,333 31.3% £317,500 36.3%
Nov 2021 6 £253,833 3.7% £233,000 -2.8%

Sample Sales Average Change Median Change
Nov 2022 3 £185,667 -11.8% £195,000 -4.4%
Oct 2022 16 £210,562 -9.5% £204,000 -16.7%
Sept 2022 26 £232,712 12.8% £245,000 11.4%
Aug 2022 23 £206,348 -3.2% £220,000 4.8%
Jul 2022 27 £213,131 -6.2% £210,000 -4.5%
Jun 2022 25 £227,222 4.5% £220,000 3.8%
May 2022 31 £217,371 5% £212,000 7.1%
Apr 2022 27 £207,037 3.9% £198,000 0.3%
Mar 2022 30 £199,271 1.3% £197,500 1.3%
Feb 2022 27 £196,741 6.4% £195,000 5.4%
Jan 2022 34 £184,963 -6.6% £185,000 -2.6%
Dec 2021 29 £198,138 6% £190,000 5.4%
Nov 2021 32 £186,891 -3.1% £180,250 -2.6%

Sample Sales Average Change Median Change
Nov 2022 1 £200,000 8.1% £200,000 7.2%
Oct 2022 15 £185,067 13.5% £186,500 14.1%
Sept 2022 10 £163,100 -14.9% £163,500 -11.6%
Aug 2022 15 £191,600 -9.8% £185,000 -10.4%
Jul 2022 20 £212,500 16.9% £206,500 21.5%
Jun 2022 17 £181,837 14.9% £170,000 5.6%
May 2022 15 £158,277 1% £161,000 -2.4%
Apr 2022 22 £156,750 -11.3% £165,000 -2.5%
Mar 2022 18 £176,772 2.2% £169,250 -0.4%
Feb 2022 21 £172,929 -0.2% £170,000 11.5%
Jan 2022 18 £173,250 5.8% £152,500 -4.7%
Dec 2021 19 £163,786 -0.9% £160,000 9.6%
Nov 2021 12 £165,250 15.9% £146,000 -0.7%

Sample Sales Average Change Median Change
Nov 2022 1 £63,000 -28% £63,000 -39.4%
Oct 2022 3 £87,500 -20.1% £104,000 -15.1%
Sept 2022 7 £109,571 23.5% £122,500 36.1%
Aug 2022 7 £88,714 8.8% £90,000 14.2%
Jul 2022 4 £81,525 -16.9% £78,800 -25%
Jun 2022 9 £98,111 50.8% £105,000 61.5%
May 2022 5 £65,040 -25.5% £65,000 -28.6%
Apr 2022 4 £87,250 -25% £91,000 -24.8%
Mar 2022 4 £116,375 15.7% £121,000 27.4%
Feb 2022 5 £100,600 23.6% £95,000 9.8%
Jan 2022 6 £81,417 -4.4% £86,500 -11.3%
Dec 2021 6 £85,167 7.4% £97,500 14.7%
Nov 2021 8 £79,312 -11.3% £85,000 -10.5%

Oldbury House Price Information

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

Oldbury House Price Data

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Oldbury Yearly Price Changes

Year on year percentage changes in Oldbury.

Oldbury 2022 Price Distribution

Our Data

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