Unlock The Value In Your Home
Use your homeowner status to borrow up to £150,000 with a qualified expert to help you find the best deal
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.
Homeowner Loans allow you to use the value of your home to borrow lump sums of money, with the amount you’ve borrowed secured against the property. Alternatively you can use the loan to consolidate expensive debt and lower monthly payments.
Homeowner Loans are not unlike Personal Loans, so can be used for similar purposes. You can use a Homeowner Loan as long as you own your property outright or have a mortgage, and they are available even if your credit score is less than perfect.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. When consolidating existing borrowing be aware that extending the term could increase the amount repaid.
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! Get in touch with us today to speak to one of our advisors and see if a Homeowner Loan is suitable for you.
Homeowner Loans work by securing the value you are borrowing against your property. This means the lender providing your loan has added security and as such can sometimes offer higher amounts, more favourable rates or longer terms than other types of borrowing. They are different to Unsecured Loans, such as Personal Loans, so think carefully before securing debts against your home as it may be repossessed if you do not keep up repayments, and remember that increasing your borrowing could increase the amount of interest paid overall.
You are eligible for a Homeowner Loan if you own a property outright or through a mortgage, and with most property types covered is doesn’t matter if that’s a house or a flat. You’ll also need to be a UK resident aged 18 or over.
Lenders will have their own eligibility criteria and you will need to pass an affordability check, but your advisor will explain all this to you before making an application. You could even get a Homeowner Loan with a less than perfect credit score, get in touch with us to find out!
With a Homeowner Loan arranged through Your Mortgage People you could borrow up to £150,000 to help consolidate debt, start those home improvements or fund a one-off purchase. 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.
The cost of Homeowner Loans vary according to each applicant’s individual circumstances. Each lender will provide the same applicant with a different rate of interest on the loan according to their own affordability criteria, and circumstances such as the length of the loan, the amount being borrowed, the property value and your credit history will all be factored in.
There are also fees involved for arranging the loan and other associated costs such as valuations, but our advisors will talk you through all of this to ensure they find a Homeowner Loan that’s right for you and your budget. Just complete our quick form and one of the team will call you to discuss your individual needs.
To get started with a Homeowner Loan enquiry, simply click here to complete our quick and easy form and an advisor will call you back to discuss your options.
