The lowdown on a homeowner loan

A homeowner loan is another term for a secured loan. There are two types of loans: secured (or homeowner) and unsecured (or personal).

Banks like big valuable items like houses and flats, so if you have one, they will let you get a secured loan. It means you can borrow more money than someone who doesn’t. But they could take your beautiful home away from you if you don’t pay them back.

A homeowner loan lets you borrow more than £25,000, which is the limit for a personal loan. The maximum depends on the lender. And you can pay it back over 25 years, whereas a personal loan must be paid back within ten.

If you have had credit problems in the past, you have a better chance of getting a good loan if you have a home to use as security.

Finding the perfect homeowner loan

With so many different loans available, it can be a challenge to find the best one for you. But it need not be. We are working with uSwitch.com to provide you with a free and impartial comparison of secured loans (or unsecured, if that’s what you want) in just a few minutes.

We ask you a few questions so we can search for suitable loans. After you complete your comparison you’ll get a list of the best loans for you. It’s easy.

Our information is updated with the latest rates and deals.

Your results point out everything you need to know to make a decision:

• Your monthly repayments
• The typical APR
• The total amount you will repay
• Early settlement charge

You can also read about the lenders and an overview of the loan details.

How to apply for a homeowner loan

If you find the perfect loan we can help you apply. We’ll guide through the process. Once you have completed your application, the lender will make a decision. They’ll go through your application and check your credit rating.

So if you’re ready to compare homeowner loans, let us help you find a great deal!