Secured Loans in St Albans

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

St Albans 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 2,585 property transactions in St Albans during 2022 with an average sale price of £663,966. 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 St Albans 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 St Albans, either leave your details on our contact page and we will get straight back...

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St Albans Quick Facts

Based on 1,393 registered sales in 2022, the median house price in St Albans is £568,000 and the average price is £648,143.

In St Albans the median house price of £568,000 during 2022 is a 5.19% increase on the 2021 median price of £540,000. The 2022 median price is a 70.57% increase on the median price 10 years ago in 2013 of £333,000.

In St Albans during 2022 there have been 1,393 sales, including 420 terraced houses, 264 detached houses, 314 semi detached houses, 353 flats/maisonettes and 42 other properties.

St Albans Previous Month Prices

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

Sample Sales Average Change Median Change
Nov 2022 17 £662,088 -1.5% £660,000 10.5%
Oct 2022 118 £672,098 2.8% £597,500 6.7%
Sept 2022 144 £653,826 -11.3% £560,000 -7.7%
Aug 2022 172 £736,856 8.6% £606,500 -0.6%
Jul 2022 133 £678,424 3.9% £610,000 10.9%
Jun 2022 115 £652,690 12.9% £550,000 -3.1%
May 2022 130 £578,124 -7.2% £567,500 0.4%
Apr 2022 132 £622,860 -0.6% £565,500 5.7%
Mar 2022 143 £626,360 4.2% £535,000 0%
Feb 2022 119 £601,252 -4.3% £535,000 -4%
Jan 2022 128 £628,169 -2.1% £557,500 -1.9%
Dec 2021 144 £641,611 1.9% £568,500 9.7%
Nov 2021 115 £629,584 -8.7% £518,000 -9.5%

Sample Sales Average Change Median Change
Nov 2022 4 £1,056,000 -7.8% £897,000 2.5%
Oct 2022 21 £1,145,320 -10.6% £875,000 -12.5%
Sept 2022 25 £1,280,840 16% £1,000,000 9.6%
Aug 2022 41 £1,104,380 -4.1% £912,500 -10.8%
Jul 2022 29 £1,151,478 5.6% £1,022,500 12.7%
Jun 2022 26 £1,089,986 33.5% £907,500 19.4%
May 2022 23 £816,717 -16.4% £760,000 -15.1%
Apr 2022 29 £976,828 -22.4% £895,000 8.5%
Mar 2022 20 £1,259,220 31.6% £825,000 -4%
Feb 2022 24 £957,044 -9.8% £859,280 -4.7%
Jan 2022 22 £1,061,386 3% £901,250 2.4%
Dec 2021 32 £1,030,287 1.1% £880,500 3.6%
Nov 2021 25 £1,018,854 -16.1% £850,000 -12.8%

Sample Sales Average Change Median Change
Nov 2022 4 £567,250 -25.2% £588,500 -12.8%
Oct 2022 33 £758,412 12.6% £675,000 9.2%
Sept 2022 29 £673,379 -25% £618,000 -20.8%
Aug 2022 39 £897,398 15.8% £780,000 6.8%
Jul 2022 27 £774,981 8.1% £730,000 16.8%
Jun 2022 25 £716,780 12.2% £625,000 1.2%
May 2022 32 £638,623 -8.9% £617,750 -1.9%
Apr 2022 31 £701,306 9% £630,000 2.9%
Mar 2022 34 £643,529 -10.4% £612,500 -14.3%
Feb 2022 27 £717,829 1.8% £715,000 -4%
Jan 2022 33 £705,252 -12.1% £745,000 6%
Dec 2021 31 £802,048 8.7% £703,000 -1%
Nov 2021 26 £738,141 -7.2% £710,000 -9.3%

Sample Sales Average Change Median Change
Nov 2022 7 £600,143 -6% £660,000 13.8%
Oct 2022 30 £638,324 10% £580,000 2.7%
Sept 2022 53 £580,259 -9.2% £565,000 2.9%
Aug 2022 52 £639,376 8.1% £549,000 -5.8%
Jul 2022 40 £591,383 8.6% £582,500 18.6%
Jun 2022 38 £544,671 -4.6% £491,250 -12%
May 2022 45 £570,856 5% £558,500 14%
Apr 2022 35 £543,771 -7.9% £490,000 -7.9%
Mar 2022 47 £590,439 8.5% £532,000 0.1%
Feb 2022 30 £543,988 -4.1% £531,500 -3.4%
Jan 2022 43 £567,381 4.8% £550,000 2.8%
Dec 2021 41 £541,310 -0.7% £535,000 10.9%
Nov 2021 30 £545,017 1.8% £482,500 -2.5%

Sample Sales Average Change Median Change
Nov 2022 2 £280,750 -13.8% £280,750 -6.4%
Oct 2022 34 £325,838 1.8% £300,000 5.3%
Sept 2022 37 £320,223 -3.1% £285,000 -10.4%
Aug 2022 40 £330,337 -0.3% £318,000 -4.5%
Jul 2022 37 £331,291 6.3% £333,000 14.8%
Jun 2022 26 £311,644 -8.8% £290,000 -7.9%
May 2022 30 £341,572 -3.7% £314,920 -3.4%
Apr 2022 37 £354,514 0.9% £326,000 2.7%
Mar 2022 42 £351,295 3.7% £317,500 -0.8%
Feb 2022 38 £338,920 8.3% £320,000 1.6%
Jan 2022 30 £312,815 1.2% £314,975 4.8%
Dec 2021 40 £309,141 -7.7% £300,500 -3.8%
Nov 2021 34 £334,961 12.8% £312,500 11.1%

St Albans House Price Information

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

St Albans House Price Data

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St Albans Yearly Price Changes

Year on year percentage changes in St Albans.

St Albans 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.