NatWest Homeowner Loan

NatWest Homeowner Loan

A NatWest Homeowner loan can be used for just about any purpose as long as it’s covered by the lenders terms. NatWest larger loans are commonly used for larger purposes; such as the purchasing of a new car, funding home improvements, consolidating outstanding debt, and lowering outgoings by spreading borrowing over a longer term.

Homeowner loans have second priority behind your main (or first charge) mortgage. They use the borrower’s home as security, so essentially you will have two mortgages on your home.

A NatWest Homeowner loan might be for you if:

• You own your own home
• You’re looking to borrow up to £250,000
• You’re looking to extend the term of your loan.

Am I eligible for a Homeowner loan

• You must be 18 or older.
• You must be a UK homeowner with the permanent right to reside in the UK.
• You must have a household income of at least £8,000 a year.

Before taking out a Homeowner loan

As a NatWest Homeowner loan is secured against your home, failure to keep up with repayments could result in the repossession of your property. We recommend that you weigh up all of your options before committing to a homeowner loan, and contact a mortgage broker who can give expert advice on whether a Homeowner loan is affordable and suitable for you on the basis of your personal circumstances.

If you would like to find out more about a Homeowner loan, or would like any assistance or advice as to whether a Homeowner loan is the right decision for you, why not call us today on 0117 313 8872 for a FREE initial consultation.