Homeowner Loans FAQ

What is the difference between a homeowner loan and a secured loan?

There's no difference. While individual loans will vary, according to your particular circumstances, homeowner loans are loans secured on property, as collateral in the event of non-payment.

Will I get a good interest rate on a homeowner loan?

Interest rates are at their lowest in nearly 50 years, so there has never been a better time to get a good deal on a homeowner loan. For example, our rates start at just 7.4%. Of course, if you have a bad credit history such as mortgage arrears, payment defaults, CCJs or can't prove your income, you'll pay a higher rate of interest to reflect the greater risk.

What are the alternatives to a homeowner loan?

If you're not a homeowner or you don't have any equity in your home, we could find you an unsecured loan. Alternatively, many credit card companies offer competitive rates. We can help you find the best finance for you, whatever your circumstances.

How much can I borrow with a homeowner loan?

You can borrow any amount from £1,000 - £500,000 and repay it over any period from 3 years to 25 years. Click here to go to our Loan Calculator (note: can we put one of these on the site?) to see how much you could afford to borrow and what the repayments might be.

Can I repay my homeowner loan early?

You can pay the loan back at any time. Your loan agreement will show what early redemption cost you'll need to pay and how it's calculated.

Where can I find a glossary of homeowner loan terms?

Just click on our loan information glossary for an explanation of some of the words you might come across when you're looking for a homeowner loan or other form of finance.

Can I have a fixed interest rate on my homeowner loan?

Yes, we can offer a choice of fixed or variable homeowner loan rates.

What should I do now to get a homeowner loan?

You can either apply for a homeowner loan application online or call one of our friendly staff on 0800 0197374 and we'll take a few details from you over the phone and get back to you as quickly as we can with a decision in principle.

Return to Homeowner Loans Advice