Secured Loans in Sidmouth

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

Sidmouth 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 573 property transactions in Sidmouth during 2022 with an average sale price of £507,024. 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 Sidmouth 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 Sidmouth, either leave your details on our contact page and we will get straight back...

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0141 280 3366

Sidmouth Quick Facts

Based on 234 registered sales in 2022, the median house price in Sidmouth is £435,000 and the average price is £494,736.

In Sidmouth the median house price of £435,000 during 2022 is a 14.17% increase on the 2021 median price of £381,000. The 2022 median price is a 59.63% increase on the median price 10 years ago in 2013 of £272,500.

In Sidmouth during 2022 there have been 234 sales, including 55 terraced houses, 95 detached houses, 35 semi detached houses, 36 flats/maisonettes and 13 other properties.

Sidmouth Previous Month Prices

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

Sample Sales Average Change Median Change
Nov 2022 2 £1,100,000 124.4% £1,100,000 129.2%
Oct 2022 13 £490,273 -13.7% £480,000 -8.6%
Sept 2022 27 £568,412 17.5% £525,000 9.4%
Aug 2022 25 £483,764 -5.9% £480,000 -5.9%
Jul 2022 27 £514,369 1% £510,000 74.1%
Jun 2022 16 £509,190 8.9% £293,000 -13.8%
May 2022 19 £467,443 5.2% £340,000 -13.9%
Apr 2022 20 £444,502 -4.5% £395,000 -3.7%
Mar 2022 24 £465,250 7% £410,000 -0.5%
Feb 2022 21 £434,667 -11.2% £412,000 -13.3%
Jan 2022 27 £489,685 16.5% £475,000 18.8%
Dec 2021 33 £420,373 -1.5% £400,000 -1.2%
Nov 2021 28 £426,619 -1.4% £405,000 -1.2%

Sample Sales Average Change Median Change
Nov 2022 2 £1,100,000 45.5% £1,100,000 92.1%
Oct 2022 4 £756,250 -3.5% £572,500 -33.6%
Sept 2022 12 £783,333 20.7% £862,500 24.1%
Aug 2022 11 £648,868 -8.5% £695,000 11.6%
Jul 2022 10 £709,500 -47.6% £623,000 -57%
Jun 2022 3 £1,353,515 95.5% £1,450,000 149.1%
May 2022 9 £692,444 23.5% £582,000 -3.8%
Apr 2022 7 £560,721 -11.5% £605,000 -4.9%
Mar 2022 11 £633,273 10% £636,000 13.3%
Feb 2022 10 £575,451 -4.8% £561,250 -1.5%
Jan 2022 16 £604,656 4.9% £570,000 7%
Dec 2021 14 £576,464 -7.9% £532,500 -13.4%
Nov 2021 12 £625,902 5% £615,000 6.5%

Sample Sales Average Change Median Change
Nov 2022 0 £0 0% £0 0%
Oct 2022 2 £480,000 -5.3% £480,000 -0.5%
Sept 2022 5 £507,122 -6.4% £482,500 0.5%
Aug 2022 3 £541,667 9% £480,000 5.5%
Jul 2022 6 £496,834 62.4% £455,000 61.3%
Jun 2022 3 £306,000 25.4% £282,000 33.1%
May 2022 3 £243,950 -48% £211,850 -38.6%
Apr 2022 5 £469,000 32% £345,000 10.1%
Mar 2022 4 £355,375 21.5% £313,250 7.1%
Feb 2022 2 £292,500 -40.5% £292,500 -40.5%
Jan 2022 2 £491,500 48.9% £491,500 48.9%
Dec 2021 2 £330,000 -51.1% £330,000 -51.1%
Nov 2021 1 £675,000 91.9% £675,000 94.2%

Sample Sales Average Change Median Change
Nov 2022 0 £0 0% £0 0%
Oct 2022 2 £326,800 -16.7% £326,800 14.7%
Sept 2022 7 £392,500 22.1% £285,000 -7%
Aug 2022 6 £321,342 -24.4% £306,525 -8.5%
Jul 2022 6 £425,000 24.3% £335,000 10.7%
Jun 2022 8 £342,000 14.2% £302,500 -2.4%
May 2022 4 £299,390 -26.6% £310,000 -21.8%
Apr 2022 4 £408,000 26.3% £396,250 16.2%
Mar 2022 6 £322,917 6.1% £341,000 17%
Feb 2022 6 £304,250 1.5% £291,500 10.4%
Jan 2022 6 £299,667 -12.6% £264,000 -20%
Dec 2021 7 £342,971 31.7% £330,000 17.4%
Nov 2021 3 £260,333 -8.9% £281,000 2.2%

Sample Sales Average Change Median Change
Nov 2022 0 £0 0% £0 0%
Oct 2022 5 £346,990 56.8% £320,000 85.5%
Sept 2022 3 £221,333 -21.1% £172,500 -28.1%
Aug 2022 5 £280,700 11.2% £240,000 -20%
Jul 2022 5 £252,390 16.7% £300,000 38.7%
Jun 2022 2 £216,250 -9.9% £216,250 -6%
May 2022 3 £240,000 -2.8% £230,000 -6.1%
Apr 2022 4 £247,000 -11.9% £245,000 -5.8%
Mar 2022 3 £280,333 -12.7% £260,000 -26.8%
Feb 2022 3 £321,000 25.7% £355,000 82.1%
Jan 2022 3 £255,333 -6.8% £195,000 -16.1%
Dec 2021 10 £274,100 10.4% £232,500 -4.3%
Nov 2021 12 £248,208 0.9% £243,000 17.4%

Sidmouth House Price Information

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

Sidmouth House Price Data

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Sidmouth Yearly Price Changes

Year on year percentage changes in Sidmouth.

Sidmouth 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.