Secured Loans in Skegness

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

Skegness 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 829 property transactions in Skegness during 2022 with an average sale price of £478,560. 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 Skegness 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 Skegness, either leave your details on our contact page and we will get straight back...

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Skegness Quick Facts

Based on 415 registered sales in 2022, the median house price in Skegness is £195,000 and the average price is £211,768.

In Skegness the median house price of £195,000 during 2022 is a 10.01% increase on the 2021 median price of £177,250. The 2022 median price is a 59.84% increase on the median price 10 years ago in 2013 of £122,000.

In Skegness during 2022 there have been 415 sales, including 35 terraced houses, 218 detached houses, 89 semi detached houses, 41 flats/maisonettes and 32 other properties.

Skegness Previous Month Prices

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

Sample Sales Average Change Median Change
Nov 2022 8 £208,812 -3.7% £185,000 -14%
Oct 2022 28 £216,728 7% £215,000 4.9%
Sept 2022 37 £202,561 -10.3% £205,000 -9.3%
Aug 2022 34 £225,925 4.8% £226,000 22.2%
Jul 2022 33 £215,558 -1.9% £185,000 8.8%
Jun 2022 30 £219,793 2% £170,000 -18.6%
May 2022 36 £215,457 -6.6% £208,750 4.4%
Apr 2022 37 £230,677 15.3% £199,950 8.1%
Mar 2022 69 £199,988 11.4% £185,000 5.4%
Feb 2022 42 £179,519 -24% £175,500 -7.6%
Jan 2022 29 £236,358 8.4% £190,000 0%
Dec 2021 54 £218,136 -2.9% £190,000 -2.6%
Nov 2021 57 £224,602 30% £195,000 12.9%

Sample Sales Average Change Median Change
Nov 2022 3 £275,833 15.4% £280,000 23.1%
Oct 2022 18 £239,025 -3.8% £227,500 -0.2%
Sept 2022 21 £248,452 0.2% £228,000 -5%
Aug 2022 26 £247,940 0.1% £239,975 17.6%
Jul 2022 21 £247,662 -16.5% £204,000 -15.9%
Jun 2022 16 £296,625 23.9% £242,500 -7.6%
May 2022 20 £239,422 -15.5% £262,500 16.7%
Apr 2022 22 £283,191 11.7% £225,000 -6.2%
Mar 2022 34 £253,422 8.3% £240,000 2.1%
Feb 2022 20 £233,995 -22.1% £235,000 -4.9%
Jan 2022 17 £300,235 18.2% £247,000 9.8%
Dec 2021 30 £253,982 -4.3% £225,000 2.9%
Nov 2021 34 £265,290 31.3% £218,750 20.2%

Sample Sales Average Change Median Change
Nov 2022 4 £175,750 -7.5% £175,000 -4.1%
Oct 2022 8 £189,993 -0.2% £182,475 -8.7%
Sept 2022 7 £190,421 9.4% £199,950 13.9%
Aug 2022 4 £174,000 13.8% £175,500 31%
Jul 2022 7 £152,857 14.1% £134,000 -6.3%
Jun 2022 6 £133,967 -31.8% £143,000 -18.3%
May 2022 13 £196,346 2% £175,000 -2.8%
Apr 2022 8 £192,500 16.6% £180,000 11.1%
Mar 2022 17 £165,029 -6.2% £162,000 -5.3%
Feb 2022 7 £175,929 6.2% £171,000 2.1%
Jan 2022 8 £165,625 -8.3% £167,500 -5.6%
Dec 2021 16 £180,531 7% £177,500 7.6%
Nov 2021 15 £168,767 -5.7% £165,000 -8.6%

Sample Sales Average Change Median Change
Nov 2022 1 £140,000 0% £140,000 0%
Oct 2022 0 £0 0% £0 0%
Sept 2022 3 £159,167 22.9% £157,500 21.6%
Aug 2022 2 £129,500 2.9% £129,500 -6.5%
Jul 2022 3 £125,833 -18.1% £138,500 -13.4%
Jun 2022 5 £153,700 11% £160,000 0%
May 2022 3 £138,500 11.1% £160,000 33.4%
Apr 2022 3 £124,633 -29.2% £119,950 -31.5%
Mar 2022 9 £175,944 7.6% £175,000 6.1%
Feb 2022 4 £163,488 25.8% £165,000 26.9%
Jan 2022 2 £129,975 -23.4% £129,975 -26.8%
Dec 2021 5 £169,780 4.6% £177,500 14.5%
Nov 2021 7 £162,279 3% £155,000 -1.6%

Sample Sales Average Change Median Change
Nov 2022 0 £0 0% £0 0%
Oct 2022 2 £123,000 58.1% £123,000 75.7%
Sept 2022 6 £77,800 -44.4% £70,000 -50%
Aug 2022 2 £140,000 -39.8% £140,000 -39.8%
Jul 2022 2 £232,500 153.2% £232,500 142.2%
Jun 2022 3 £91,833 0% £96,000 0%
May 2022 0 £0 0% £0 0%
Apr 2022 4 £97,738 10.8% £92,975 -2.1%
Mar 2022 9 £88,200 -0.4% £94,950 3.2%
Feb 2022 11 £88,586 7.1% £92,000 11.2%
Jan 2022 2 £82,725 -41.3% £82,725 -29.6%
Dec 2021 3 £140,833 22.5% £117,500 2.2%
Nov 2021 1 £115,000 18.4% £115,000 16.8%

Skegness House Price Information

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

Skegness House Price Data

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Skegness Yearly Price Changes

Year on year percentage changes in Skegness.

Skegness 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.