Secured Loans
£10k to £500k
- We compare 100s of loans
- We’ll get you the best rates
- Get your results in minutes
on 4,552 reviews
'Superb professional advice'
Really helpful team. My first enquiry was dealt with in a professional way and nobody was pushy and gave me the time to consider my options. I have now been able to consolidate and get my outgoings back on track. Mr Reynolds
'Excellent service and highly recommend'
The service was excellent. Great communication throughout’ …’absolutely no pressure and everything was done for you. Trusted customer
'Great consultative approach with the client’s best interests in mind'
Very patient and available people that are always keen to make your life easier and to work with you. Trusted customer
Why others love it!
Mr & Mrs Scott-Ward...
They were paying £976 towards their credit cards, loans, and other credit commitments.
They took out a secured loan with Ocean and consolidated into one affordable monthly payment of £264.
Customer names have been changed to protect their confidentiality.
Average reduction in outgoings of more than £700 per month for customers taking a loan for debt consolidation in the last 12 months
What's in a name?
Secured loans are also referred to as homeowner loans, debt consolidation loans, second mortgages, second charge mortgages, or home equity loans.
How we can help
Reduce outgoings
Consolidate existing credit commitments into one lower, affordable monthly payment.
Improve your home
Fund home improvements and enjoy your home as well as potentially adding value.
A bit of both?
Use your loan for almost anything you wish; a combination of the above or something different – you choose!
Feel Ocean Confident
Our soft search technology enables you to see loans you are eligible for, without harming your credit score.
Don’t worry if you think your credit history is less than perfect, at Ocean we are passionate in helping everyone achieve financial confidence.
A bit about us
- Over 30 years’ experience in helping homeowners.
- We’re proud to have helped over 1 million people with their finances.
- You can track your loan 24/7 with our Ocean app.
- Our qualified advisers are UK based and on hand to help.
Common questions
Some important bits!
Secured loans are secured against your property. Before you apply for a secured loan, be aware that your home is used as security. This means your home may be at risk if you fall behind with your secured loan or mortgage repayments. Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.
We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. Any quote is inclusive of the Broker Fee and all associated costs which is calculated as 12% of the net loan amount, capped at a maximum of £4,995. Fees are only applicable if you receive a loan.
Representative Example: If you borrow £26,000 over 7 years, initially on a fixed rate for 5 years at 7.285% and for the remaining 2 years on the Lender's standard variable rate of 9.924%, you would make 60 monthly payments of £452.63 and 24 monthly payments of £464.81. The total amount of credit is £29,715 (this includes a Lender Fee of £595 and a Broker Fee of £3,120). The total repayable would be £38,408.24. (this includes a Lender Exit Fee of £95). The overall cost for comparison is 12.4% APRC representative. This means 51% or more of customers receive this rate or better.