Best Homeowner Loans
Find the best UK homeowner loan deal
If you are looking for a homeowner loan, our service can help you find the most competitive deal in the UK market.
Our service provides:
- Home owner Loans from £3,000 to £2.5m
- Adverse Credit and CCJs loan applications considered
- Loans Up to 30 years
- Leading UK secured lender deals compared
Testimonials:
Everything was carried out fast and efficiently from start to finish making the whole process easy and hastle free.
Terence, North Lanarkshire - 04/10/2017
Excellent from start to finish. Our advisor Helen was always on hand and was very methodical and precise. Helen always kept us up to date on our application...
Kevin P , Essex - 03/10/2017
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
Let us help you find the best homeowner loan deal
If you are looking for a homeowner loan, we can help you find the most competitive deal on the market.
As well as offering homeowner loan lenders for people with good credit histories we also work with secured loan brokers who search the UK secured loans market to find you the best rate.
- Secured Loans from £3,000 to £2.5m
- Adverse Credit and CCJs loan applications considered
- Loans Up to 30 years
- Leading UK secured lender deals compared
Best Homeowner Loans
How do Homeowner loans work?
A homeowner loan is a loan in which the borrower pledges a property as collateral for the loan, which then becomes a secured debt that is owed to the lender. Consequently, if the borrower fails to keep up with repayments, their property can be repossessed in order to pay off the debt.
On one hand, homeowner loans are often easier to obtain and typically offer more attractive interest rates, as the loan is seen as less of a risk to the lender. However, secured loans often hold a higher risk for the borrower as they have more at stake.
How much can I borrow with a secured loan?
Generally secured loans allow you to borrow much larger amounts than personal loans, and you can usually lend between £10,000 and £2.5m. However, the amount that you borrow, the length of the loan and the interest rate that you pay on your loan is likely to depend on your personal circumstances and market conditions. Lenders might offer attractive headline rates in order to attract customers, but by law these rates only need to be given to 51% of successful applicants.
What types of homeowner loans exist?
Broadly speaking, there are three types of homeowner loans in which customers can choose from:
Short-term fixed rate homeowner loans – With this loan you pay a fixed amount every month throughout the short term of the fixed rate (typically between one and five years). Your repayments will then revert the lenders standard variable rate, meaning your payments could go up or down.
Fixed for term homeowner loans – With fixed-for-term deals you pay a fixed amount every month throughout the term of the loan, meaning your repayments don’t fluctuate.
Variable rate homeowner loan – With variable rate loans the interest that you pay may fluctuate in response to the bank of England base rate or market forces.
How to find the best homeowner loan
Like any financial product, in order to find the best loan deal, you should shop around. As previously mentioned, the difficulty with homeowner loans is that you may not get offered the advertised rate on your loan. As a result, its best to discuss your personal situation with a mortgage broker who can help give unbiased advice and guidance with your application.
Additionally, the majority of homeowner loan lenders only work with authorised intermediaries, so it is likely that you will not be able to pick up the most competitive deals on the highstreet. In addition to providing expert, trustworthy advice; our team of specialist homeowner loan advisors can provide you with access to leading and exclusive homeowner loan rates, and help compare the best deals for you.