Secured Loans

Additional Secured Borrowing for Birmingham Midshires Customers

To be eligible for additional secured borrowing with Birmingham Midshires, you will need to be an existing Birmingham Midshires mortgage holder.

Before you read on you should know that we are a responsible lender and won't encourage you to take out a loan you don't need, or one that's more than you can afford. But as long as you're realistic about your borrowing, you may be able to find the loan that's perfect for you.

What can I use a Secured Loan for?

Whatever you've got your eye on, additional borrowing with Birmingham Midshires can give you the money. There are 2 types of additional borrowing:

• A Further Advance (available for all loan types) - This type of loan can be used for virtually any purpose. You may be looking to raise finance for a new car, or you maybe be looking to undertake some home improvements such as a new kitchen or conservatory
• A Secured Personal Loan (only available for Buy to Let loans) - This type of loan can only be used for purposes that are not related to home improvements.

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Our tracker rate mortgages are linked to Bank of England base rate (also know as Bank of England repo rate). Details of this rate can be found on the Bank of England website or in the Financial Times or other leading newspapers.

All our products are SUBJECT TO AVAILABILITY and can be withdrawn at any time