Secured Loans in Thetford

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

Thetford 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 1,252 property transactions in Thetford during 2022 with an average sale price of £293,884. 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 Thetford 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 Thetford, either leave your details on our contact page and we will get straight back...

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0141 280 3366

Thetford Quick Facts

Based on 673 registered sales in 2022, the median house price in Thetford is £249,950 and the average price is £283,891.

In Thetford the median house price of £249,950 during 2022 is a 8.67% increase on the 2021 median price of £230,000. The 2022 median price is a 72.71% increase on the median price 10 years ago in 2013 of £144,725.

In Thetford during 2022 there have been 673 sales, including 180 terraced houses, 300 detached houses, 144 semi detached houses, 22 flats/maisonettes and 27 other properties.

Thetford Previous Month Prices

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

Sample Sales Average Change Median Change
Nov 2022 12 £225,542 -28% £211,250 -25.6%
Oct 2022 54 £313,338 14% £283,750 21.4%
Sept 2022 68 £274,790 -9.2% £233,750 -9.6%
Aug 2022 62 £302,633 5.9% £258,500 4.7%
Jul 2022 53 £285,792 -1.5% £247,000 -4.1%
Jun 2022 62 £290,113 10.7% £257,500 9.9%
May 2022 70 £262,004 5.8% £234,250 -0.3%
Apr 2022 73 £247,545 -15.2% £235,000 -7.8%
Mar 2022 59 £291,797 -0.7% £255,000 -4%
Feb 2022 82 £293,738 -3.2% £265,500 2.1%
Jan 2022 51 £303,335 19.8% £260,000 14.8%
Dec 2021 78 £253,280 -2.9% £226,500 -5.6%
Nov 2021 65 £260,845 -1.4% £240,000 10.3%

Sample Sales Average Change Median Change
Nov 2022 3 £308,333 -18.3% £310,000 -3.7%
Oct 2022 27 £377,232 10.4% £322,000 8.8%
Sept 2022 30 £341,717 -13% £296,000 -18.9%
Aug 2022 29 £392,897 7.3% £365,000 19.7%
Jul 2022 27 £366,296 -1.8% £305,000 -7.7%
Jun 2022 32 £373,078 8.2% £330,500 0.2%
May 2022 29 £344,897 15.6% £330,000 19.6%
Apr 2022 30 £298,283 -21.8% £276,000 -20.3%
Mar 2022 30 £381,617 5.1% £346,250 9.9%
Feb 2022 42 £362,988 -9.5% £315,000 -3.1%
Jan 2022 21 £401,195 16.1% £325,000 0%
Dec 2021 32 £345,422 11.6% £325,000 22.2%
Nov 2021 36 £309,471 -18.8% £266,000 -15.6%

Sample Sales Average Change Median Change
Nov 2022 3 £198,000 -27.6% £200,000 -25.7%
Oct 2022 12 £273,417 15% £269,250 19.7%
Sept 2022 14 £237,661 -7.5% £225,000 -2.3%
Aug 2022 16 £256,938 18.8% £230,250 5.9%
Jul 2022 4 £216,250 -7% £217,500 -8.4%
Jun 2022 13 £232,577 2.4% £237,500 8%
May 2022 19 £227,068 -0.8% £220,000 -9.1%
Apr 2022 19 £228,803 8.7% £242,000 13.9%
Mar 2022 12 £210,583 -22.4% £212,500 -9.6%
Feb 2022 15 £271,433 12.1% £235,000 -7.8%
Jan 2022 17 £242,074 7.7% £255,000 12.6%
Dec 2021 12 £224,833 -11.8% £226,500 16.2%
Nov 2021 13 £254,769 39.4% £195,000 8.3%

Sample Sales Average Change Median Change
Nov 2022 5 £202,500 -12.1% £210,000 -2.3%
Oct 2022 15 £230,267 -10.6% £215,000 1.3%
Sept 2022 16 £257,688 31.6% £212,250 8.8%
Aug 2022 15 £195,883 -5.2% £195,000 -6.1%
Jul 2022 20 £206,700 5% £207,700 15.4%
Jun 2022 13 £196,769 6.7% £180,000 1.1%
May 2022 21 £184,333 -9.1% £178,000 -1.1%
Apr 2022 23 £202,826 3.7% £180,000 -5.8%
Mar 2022 16 £195,656 0.3% £191,000 1.9%
Feb 2022 24 £194,979 -16.4% £187,500 -4.7%
Jan 2022 12 £233,104 28.3% £196,750 11.8%
Dec 2021 31 £181,656 8% £176,000 2.3%
Nov 2021 13 £168,231 0.1% £172,000 5.5%

Sample Sales Average Change Median Change
Nov 2022 1 £175,000 0% £175,000 0%
Oct 2022 0 £0 0% £0 0%
Sept 2022 8 £123,000 -23.1% £127,500 -20.3%
Aug 2022 2 £160,000 24% £160,000 24%
Jul 2022 2 £129,000 10.5% £129,000 11.2%
Jun 2022 4 £116,750 -23.7% £116,000 -24.2%
May 2022 1 £153,000 39.1% £153,000 39.1%
Apr 2022 1 £110,000 0% £110,000 0%
Mar 2022 1 £110,000 22.2% £110,000 22.2%
Feb 2022 1 £90,000 -32.1% £90,000 -32.1%
Jan 2022 1 £132,500 6.6% £132,500 10.4%
Dec 2021 3 £124,333 18.4% £120,000 30.4%
Nov 2021 3 £105,000 5% £92,000 -8%

Thetford House Price Information

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

Thetford House Price Data

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Thetford Yearly Price Changes

Year on year percentage changes in Thetford.

Thetford 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.