A Profitable Solution for Homeowners

By: Caitlin Lucy

If you find yourself trapped in an adverse situation with your finances trampling day-by-day, don't worry. People who are homeowners and are looking for some profitable solution to improve their financial health, there is a velvety deal for you. With neck-to-neck competition in the UK market, lenders have designed various loan plans suiting all-purpose requirements.

About Secured Homeowner Loans As the name suggests, its a loan granted to homeowners who are willing to pledge their home to the lender. With subject to available equity on your home, the lender determines your loan amount. If you have a good credit history, lenders give you secured homeowner loans on affordable terms and conditions. You can utilise your money for any purpose ranging from a trip to exotic locations to paying your kids school fees to expanding your business to making some home improvements to consolidating your debts.

Its Features Secured loans have many lucrative features matching with your all-time requirements.

  • You can make borrowings ranging from ?5000 till ?75,000. Depending upon your requirement and available equity, you can obtain loan.
  • You can repay your borrowings in time duration from five to 25 years, thereby, making your monthly instalments small and manageable.

  • By pledging your home, lenders offer you APR at dirt throw interest rates. It starts from 6% and may go uptil 20%.

  • You can also earn additional benefits like repayment holidays, deferred payments and accelerated payments.

  • You are also given a choice to make on your interest rate as fixed, where your interest rate remains the same throughout your loan tenure or variable, where it can change according to the base rate of Bank of England.


  • Whom to approach for loans?
    Here are the basic loan providers predominating in the UK loan market.
  • High street and building societies,

  • Secured loan providers

  • Online loan providers

  • Specialist loan providers.

  • You can approach any of the above mentioned loan providers for procuring secured homeowner loans and improving your financial health.

    Shop around The most important step before signing along the dotted line for secured loans is to scour the market to click the best loan plan. You can make a thorough search online and take loan quotes to make a good loan comparison and opt for the lender with favorable loan terms.
    Homeowner Loans

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