If you are a homeowner and are looking to make an expensive one-off purchase or investment but aren’t sure where you’ll find the money, look no further than a Homeowner Loan arranged through Your Mortgage People.
A Homeowner Loan (also known as a Secured Loan or Second Charge Mortgage) allows you to use the value of your home to borrow lump sums of money, with the amount you’ve borrowed secured against the property. By securing your property against the loan, the lender is taking less risk and in return offers a lower interest rate. Alternatively you can use the loan to consolidate debt with high monthly payments to lower your monthly outgoings.
A Homeowner Loan is a type of personal credit where a lender provides you with a lump sum of money and the amount you borrow is secured against your home.
Because the money is secured against your property and the lender has security, you can often borrow higher amounts and make lower repayments than with personal loans. They can be used for funding home improvements or one-off purchases as well as consolidating expensive debt. You can use a Homeowner Loan as long as you own your property outright or have a mortgage, they can usually run for between 1 and 35 years and are available even if your credit score is less than perfect!
Getting a homeowner loan is often a stressful and complicated process, and that’s why having a qualified, expert broker on your side to guide you through the process from start to finish can be invaluable.
1. Send us an enquiry to get your journey started
2. Your advisor will make contact and tell you all about our process so they can begin finding you the best deal
3. We help you gather together everything you need for your application, and submit it to the lender
4. The lender confirms their offer and your new loan begins on the new terms agreed
5. Funds are released by the lender at the amount agreed in the loan terms, with you repaying the amount with interest as part of the loan
To discuss a Homeowner Loan or other options available to you, speak to one of our friendly, experienced advisors today by completing the form below.
With a Homeowner Loan arranged through Your Mortgage People you could borrow more than enough to fulfil your needs. The exact amounts you are able to borrow will depend on your individual circumstances and will vary from lender to lender. Whether you have a set amount in mind or want to see the possibilities, our qualified advisors will talk you through your options.