Find out more about Norton Finance loans and get a quote.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it. Show representative example
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Who is Norton Finance?
Does Norton Finance offer secured loans?
What can I use a Norton Finance secured loan for?
What’s the difference between a secured and an unsecured loan?
How much can I borrow through a Norton Finance secured loan and for how long?
Where does NerdWallet get its information about Norton Finance from?
Are there alternatives to Norton Finance secured loans?
Norton Finance is a broker who specialises in sourcing and arranging secured loans and remortgages for people that want to borrow cash against the equity they have in their home. It is a trading name of Norton Financial Services Limited and is regulated by the Financial Conduct Authority.
Norton Finance is a broker who works with its customers to find a secured loan that fits their requirements and/or financial situation. Working with a broker can help you to navigate the complicated secured loan market and find the right product for you. However, you can also often find secured lenders yourself and borrow directly.
Secured loans are often used to consolidate existing debts into a single, more manageable payment. This can work for some people but it also means that you may end up paying back more over the lifetime of the debt if it is extended over a longer term.
Secured loans can also be used for any purpose, including covering the costs of a major project, such as a kitchen extension or building a conservatory. It can even be used to find a deposit to help your kids buy their first home. However, remember that you have to keep up with the repayments over the entire term of the loan or you risk losing your home.
To be accepted for a secured loan, you will have to be a homeowner and be willing to put your home forward as security for the debt. Much like a mortgage, this means that you risk losing your home if you cannot keep up with the repayments. As the risk to the lender is lower in the case of secured loans, than personal loans, they may often offer longer loan terms and larger loan amounts. Unsecured loans are not secured against any assets and therefore represent a larger risk to the lender. This means you may pay higher interest rates on unsecured loans and that the lending criteria, in terms of credit checks and affordability, may be stricter than for secured loans.
This all very much depends on your requirements, your financial situation and your credit score. Norton Finance will take into account your employment status, your credit score, your existing financial responsibilities and the value and equity held in your home.
We work alongside the broker Fluent to compile our secured loan comparison tables. Brokers are often used to help arrange secured loans and some lenders will only work on a referral basis from a broker, but borrowers can also often approach lenders directly.
Yes. It is sensible to consider if other alternatives might be possible before you commit to the long-term responsibility of a secured loan. Alternatives could include taking out an unsecured loan, using a low-interest credit card or overdraft, borrowing from friends or using in-store, 0 per cent credit offers.
Services offered by this provider may change over time. Always check Ts&Cs.
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This secured loans comparison and quote service is presented via our partnership with Norton Finance. Data provided is submitted directly to Norton Finance. Nerdwallet Ltd does not form part of the service beyond this introduction.
Norton Finance. Registered at Norton House, Mansfield Road, Rotherham, South Yorkshire, S60 2DR. Registered in England & Wales No 5995692. Authorised and regulated by the Financial Conduct Authority no. 589554.
