You arrived on the site somewhere else. Take me back to where I started
Loans Loans

HOMEOWNER LOANS


Receive a quote from some of the UK's leading loan providers!

We work with trusted lenders to ensure that you are provided with the best loan that suits your circumstances. Our FCA partners offer a broker service that will compare loan deals across the market to ensure you have a variety of choice.

A homeowner loan, also known as a secured loan or second charge will allow you to borrow money against your home, using your house as security whilst still owning your property. You will need equity in your home to apply for a secured loan.


How much can I borrow with a secured loan?

A secured loan (second charge mortgage) allows you to use any equity you have in your home as security against another loan, you will already need a mortgage on your property to qualify for a secured loan.

Equity is the percentage of your property owned outright by you, which is the value of the home minus any mortgage owed on it. For example, if your home is worth £250,000 and you have £150,000 left to pay on your mortgage, you have £100,000 equity. That means £100,000 is the maximum sum you can borrow.

GET QUOTE

Reasons for taking out a secured loan

There are many reasons as to why you may want to take out a secured loan. Some of the common reasons can be to purchase a new car as this maybe cheaper than car finance, consolidating your debts and gathering all your debts in to one payment, improving your home which is a great way to add value to your property and to extend your home without moving. Or maybe you are looking to fund that very special day and you need to raise funds for your wedding.

Our service will allow you to compare various loan products and lenders utilising our broker service and we will assist you with your application to ensure you have the right product for your needs.

GET QUOTE

Loans for any purpose from 4.45%

9.1% APRC Representative

Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC.

A homeowner loan, also known as a secured loan or second charge will allow you to borrow money against your home, using your house as security whilst still owning your property. You will need equity in your home to apply for a secured loan.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

MISSING PAYMENTS ON A LOAN WILL HAVE SEVERE CONSEQUENCES AND MAY MAKE OBTAINING CREDIT MORE DIFFICULT IN THE FUTURE.

We have a range of rates up to 47.2% APR allowing us to help customers with many different credit circumstances

For help, go to: www.moneyadviceservice.org.uk