What is the difference between and unsecured loan and a homeowner loan ?

A homeowner loan is secured on your property and is only available to homeowners who already have a mortgage in place. As security is being provided to the lender a lower interest rate is usually available and the term can be extended allowing you to benefit from reduced monthly repayments.

Will my house need to be valued ?

A valuation is not always necessary. Some of our loan products do not require a valuation to be carried out. Contact the office for full details.

Will my credit history affect my ability to get a homeowner loan ?

We offer a wide range of loan products covering the whole of the market. This means that whether you have a perfect credit history or whether you have had previous credit problems we can usually find a product that suits your requirements. Contact the office or apply online for a decision on your loan.

How quickly can my loan be arranged ?

We can usually complete your homeowner loan in between 14 – 21 days. This will depend on how quickly documentation is returned to us and also whether additional information required. We will always process your application as quickly as possible and because we are local we are able to offer a prompt service on all applications.

Can I use my loan for any purpose ?

You can use your loan for any legal purpose including holidays, a new car, home improvements, debt consolidation or a caravan. The main exclusions are timeshare purchases and business use.

How long can I take my loan over ?

The minimum term available is 2 years and the maximum term is 25 years.

Can I pay my loan off early ?

You can settle your homeowner loan at any time during the agreement and you will receive an interest rebate in accordance with the Consumer Credit Act.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.