SECURED HOMEOWNER LOANS
As a homeowner you probably have a mortgage, like many homeowners you may find yourself in a position that you need a loan. This could be for home improvements, debt consolidation or maybe a special purchase.
Changing your mortgage by arranging a remortgage can be an option, however, many homeowners are tied in to their current mortgage with some sort of penalty if they repay it early. So, are there any other options?
A secured homeowner loan can be a great solution for many mortgage payers in the UK who don’t want to, or can’t change their mortgage. You can borrow up to £250,000 on loan to values of up to 125%, and the great news is that the money can be used for any legal purpose!
Secured homeowner loans allow you to borrow a larger sum of money than when compared to a personal loan, over terms of up to 25 years. As you are offing your property as security, you will also benefit from great interest rates (expressed as the Annual Percentage Rate or APR).
Homeowner loans are not available to tenants, as bricks & mortar is required for security against the loan.
Like many homeowners in the UK, you may already have some other unsecured debts, such as loans or credit cards. You may find that you can get a better deal if you consolidate these existing debts in to one manageable monthly payment with a secured homeowner loan.
Maybe you are thinking of extending your property, converting your loft or just adding a conservatory. A secured homeowner loan could give you the funds you need to complete the project quickly, at a low cost of borrowing.
You may be thinking about making a special purchase, like a car, boat or caravan. Maybe you are planning a honeymoon or holiday of a lifetime. Whatever you need the money for; a secured homeowner loan could be the answer for fast, great value borrowing over a term to suit your budget.
