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Homeowner Loans
Homeowner loans are available to UK home owners that have an existing mortgage on their home. The loan is registered as a second charge, or second mortgage, and has to be repaid monthly over a set period, usually between three and twenty five years. The interest charged (APR) depends on the borrower’s particular situation, and may vary from lender to lender.
A homeowner loan can be granted even if you have an adverse credit history, or you are self-employed. The amount borrowed is paid out in cash, so can be applied for any purpose the borrower wishes. Some lenders may be unwilling to grant a home owner loan for reasons other than debt consolidation or home improvement.
As the Annual Percentage Rate, or APR, charged on a homeowner loan can vary between lenders it is wise to shop around when seeking a loan. Our free service does this work for you, forwarding your details to the one lender that we find is best for your particular situation. The selected lender will contact you within 24 hours with a quote. You are under no obligation to accept their offer. |