A homeowner loan is a loan in which the borrower pledges some asset (e.g. a car) as collateral for the loan. The loan is thus secured against the collateral in the event that the borrower defaults, the lender takes possession of the asset used as collateral and may sell it to regain the amount originally lent to the borrower.
As the loan is secured, the lender is relieved of most of the financial risks involved; he may thus offer attractive terms for the borrower on interest rates and repayment period.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. *REPAYING DEBT OVER A LONGER PERIOD MAY INCREASE THE TOTAL AMOUNT TO BE PAID.
Why choose a Homeowner Loan?
No Age Limit.
Prime to Subprime.
100% LTV - For prime customers.
Interest Only Option.
Semi Commercial Properties.
Payment Protection Options.
100% Self Cert / Self Employed.
Unlimited Adverse up to 80% LTV.
State Pension and Benefits Accepted.
Clients Borrow 100% of The Market Value.
Right to Buy - Doesn't Affect Pre-Emption.
Rates from just 8.9% to 29.9% APR.* (Typical 9.4% APR Variable)
Loan Application
To apply for this product, please follow the steps and fill out our application form. Alternatively you can call us on 0871 666 5476 or request a callback.