Homeowner loan – are you looking for more information about where to get a great home owner secured loan?
Well you have come to the right place.
Summary of Contents:
Homeowner Loan Customer
Shirley from Doncaster is a homeowner and needed £65,000.
She was looking at getting a homeowner loan due to it being so much money she was wanted to borrow.
The amount she had left on her mortgage was £74,000 and her home was worth £220,000 in the current market.
This meant she was in a great position to borrow against her home as she had enough equity for a home owners loan.
Shirley was looking the money for a variety of reasons, from making home improvements to purchasing a new car and then putting the rest of the money towards her daughter purchasing her own new home.
If like Shirley you are looking at taking out a new homeowner secured loan, then you have come to the right starting place.
Shirley was very lucky to have so much equity in her home and had a good credit rating.
However, if this does not sound like your circumstances, a secured loan can still be your answer to obtain funds.
As the name suggests a homeowner loan is open to those that own their own home and have equity in their house.
This is the difference in the amount that you have left to pay back on your mortgage and the value of your home in the current market.
So for example if your home is worth £100,000 and you have £25,000 left to pay back on your mortgage you have £75,000 of equity in your home.
This means, depending on how much you wish to borrow, as long as you have the value of the loan and a bit more you are highly likely to be accepted.
In situations like that, even if you have a poor credit rating, you are still likely to be accepted.
A home owner loan is a great option if you have bad credit as unlike an unsecured loan, you are more likely to be accepted, as a lender sees you as less of a risk of recouping their money back.
Homeowner loans are typical for people that are wanting to borrow a large amount of money, usually £25,000 upwards.
Due to this the borrowing term is usually over a longer period from 7-25 years, depending on the amount being borrowed.
Typically with this type of loan, lenders are not as strict on taking on only those with excellent credit scores and are very open to offering those with not so perfect credit history, as long as they have equity in their home and can show affordability.
Throughout this page there are banners that will take you to certified lenders that provide great deals on home owner loans.
Home Owner Loans available today for people with all credit backgrounds, so that you can apply with confidence.
Our home owners loan application form is quite unique, in that you can find out the latest secured homeowner’s loan products available each day and can find out current products, interest rates, monthly repayment figures and any other costs online today.
The big plus is that you can find out the current secured home loan products without having to go through a credit check!
This way you find out the current secure home owner loans products which are updated daily and only if you wish to proceed with a full application do you need to start entering your personal details.
Get A Home Owner’s Loan
Why not give it a try now. Enter all your financial details to get a real quote online before you proceed any further, totally without obligation.
Have a look. It is totally free and without obligation.
Having a secured homeowner loan calculator like ours is a big benefit, as the quotes you will receive are all live quotes which are all valid today.
Which means that if you see something you like, you can then just proceed to apply.
On this website it is possible to search, compare, apply and get your new secured homeowner loan all here online today.
A Homeowner Loan is only available to those that own their own home and it is an option for those that may have a bad credit history or if remortgaging is not an option. It is a great choice if you require a large amount of credit.
There are many reasons why you may want to get a secured Home Loan.
The money may be used to make home improvements, make plans for the future or to consolidate bad debt.
Even if you have a bad credit history you are highly likely to be accepted for a HomeOwner Loan, especially if you have equity in your home or rental property.
By securing the debt against your home the lender will see you as a lower risk than if you were applying for a non secured loan.
The good thing about a Home Secured Loan is that you will have a regular monthly payment plan, which means you will find it easier to manage your repayments.
Something to strongly consider before taking out a Home Owner Loan is that if you miss a payment on your loan your house maybe at risk of being repossessed.
It is very important that when taking out a homeowner secured loan you are very confident that you can manage the repayments.
The amount you will receive from a Homeowner secured Loan is based on your credit history, how much equity you have available in your current home, your income and your other credit commitments.
Typically, secured loans are for more than £10,000 and are usually repaid back over 5 to 25 years.
Just like when taking out a credit card or opening a bank account it is worth shopping around for the best deal on the market.
Look clearly at the interest rates to try and get the lowest interest rate as possible that will suit your circumstance.
When requiring money for your future a secured homeowner loan is ideal for those wanting to borrow a large amount of finance.
Make sure you shop around for the best interest rate and always make sure that you are able to realistically make the arranged payment plan.
Only borrow what you need as if you can not keep up to date with repayments you are at risk of losing your home.
Home Owners Loan – you would need a mortgage or home loan to purchase a house.
Mortgages or home loans are always secured. Your home is mortgaged so it is the biggest guarantor that you can have.
You get to own the house, but technically you don’t own it unless you pay off your mortgage in full.
Although a mortgage is not the only home owners loan that you may need.
It is possible that you would need a small home owners loan for renovation or some upgrades.
It is quite possible you would have to opt for a loan for an emergency repair or if you wish to ensure proper upkeep of your home.
A home owners loan is not just a mortgage or home loan.
It could also be a loan to fund higher education, to raise some funds for business or just an outright personal loan.
Fortunately, there are myriad types of home owners loan that you can avail of, but you have to know the ins and outs.
Looking for a Home Owners Loan?
When you opt for a home owners loan to buy a house or further advance, your credit history will be factored in.
Your present income, financial liabilities including dependants and the property you are buying, which will determine the loan amount and hence the installments, will be considered regardless of your credit history.
But, should you have bad credit, then the focus on the other factors will be all the more stringent.
Every mortgage provider will consider people with good credit.
Traditional financial institutions and banks will rarely consider home buyers with bad credit.
There are financing schemes for low income groups which are often a part of state-wide or nationwide loan programs, mostly initiated by governments, and they are easier to qualify for.
Such types of home owners loan will not include all properties.
There are specific properties or types of homes that can be purchased using such financing options.
The advantage is that poor credit or relatively bad credit will not be a spoilsport.
As is the case with a mortgage, a home owners loan where you would use your home as collateral or opt for a second mortgage would also depend substantially on your credit score.
Those with excellent credit scores will have more options and those with bad credit will have fewer choices.
The loan amounts and rates of interest will also vary depending on the credit score and other aspects of the financial profile.
Regardless of your credit score, we can help you to get a home owners loan, whether you wish to purchase a home or use the home you own as collateral, equity or guarantor.
Homeowner Loans are available for application here and you can use this page to apply now or have a look at Best Home Owner Loans Available Updated Daily.
Freedom Finance Homeowner Loan
You can click on the Freedom Finance banner below and if you are a property owner and click on the banner below for Home Owners Loan, you will be taken to a website that will allow you to find your ideal loan without a credit footprint.
This means you will be able to find out exactly what the actual secured home owner loans direct will cost you today, without a search appearing on your credit history.
You may also use this secured homeowner loans comparison form as well.
If you enter all the relevant numbers, you can find out what the latest offers are on any particular day, as it’s always up to date.
You don’t have to enter your name or address, etc., and you can use this as many times as you wish.
If you are a property owner and click on the above link for Secured Homeowner Loans, you will be taken to a website that will allow you to find your ideal loan without a credit footprint.
This means you will be able to find out exactly what an actual secured loan will cost you today, without any search being done and without it appearing on your credit history.
It is an ideal way to see what homeowner loans are available across the UK secured loans market without committing yourself to anything.
Secured or Unsecured Homeowner Loans?
There are two main kinds of loans – Secured Loans and Unsecured Homeowner Loans.
The main difference between the two types of loans is that with secured homeowner loans you are required to provide security or collateral against the amount you are borrowing, but an unsecured loan does not.
Also, each type of loan can have different repayment terms and interest rates and depending on your circumstances, one or the other may be a better choice for you.
Secured Homeowner Loans – mostly used for purchasing larger value items like a home or a car.
If you cannot repay the loan this may mean the repossession of the home or car, as the lender seeks to recover the amount they lent you and the interest on the homeowner loans.
Secured Homeowner Loans usually give you the option of higher borrowing limits and lower interest rates and are generally easier to obtain.
The amount you can borrow will depend on the value of the asset you are borrowing against.
Secured loans are sometimes called Homeowner loans.
We have lenders that lend up to 95% loan to value and who will also ignore adverse bad credit for new homeowner loans.
Unsecured Loans – these do not require any form of collateral so you will not lose your house or car if you cannot keep up with payments.
The lender will make a decision to give you a loan based on your income and your credit history.
Unsecured loans usually have a higher interest rate than secured loans and can be in the form of personal loans for any purpose.
Why not apply using our short application form and see what deals we can offer you now.
Home owner loans – a home owners loan are loans that are secured against your home and so are only available to applicants that are homeowners and those that have equity in their homes.
Home Owner Loans Customer
David from Bedford was a homeowner and needed £42,000 to make a few home improvements and to pay off some debts.
A personal loan was not going to be able to loan him enough and so he searched for home owner loans and found links to our page.
David went through one of our certified lenders and said the process was very quick and easy. David is currently in the process of building his extension.
If like David you are a homeowner with equity in your home and you need to borrow more than £25,000 secured home owner loans are your best option.
Home owner loans can also be known as a second charge, secured loan or a second mortgage.
You can use home owner loans for anything. Unlike that of a car loan that is specifically for a car purchase.
Typically however secured loans due to the large amount that is usually borrowed are used for home improvements, debt consolidation or a combination of large purchases.
A home owner loan is a loan that consist of regular monthly repayments and is usually borrowed over 5 to 25 years.
This means it makes it easier for you to plan ahead as you are aware of what your loan repayments will continue to be over the term of the loan.
The good thing about home owner loans is that they are certified by the Financial Conduct Authority (FCA).
This means the same rules and regulations that are in place for mortgages are also relevant to secured loans and so you can guarantee you are being protected when taking out this type of loan.
A home owner loan is ideal for those with an existing mortgage that wish to borrow quite a large amount of money.
Typically personal loans are only for borrowings up to £25,000 and so if you require more a secured loan is your best option.
The key requirement of a secured loan is that you are a home owner and you have enough equity in your home to borrow against and can make the repayments.
Be aware that by securing a loan against your house if you should default over the period of the repayments you risk losing your home.
By not making a payment the lender can take you to court to get repossession of the house.
How it works is your original mortgage is repaid back first then the secured loan with the additional lender is then repaid back for the outstanding debt.
However if you are using part of the loan to consolidate debts as long as you stick to your repayments it can be a positive effect on your credit profile, which in the long term is great.
Click on the links on this page to be taken to a wide range of lenders that offer great deals on home owner loans that are certified by the FCA.