| Lender |
Typical
APR
(Variable) |
Loan
Type |
Min
Loan |
Max
Loan |
Feature |
|
BeatThatQuote
It’s free, fast and without obligation or credit checks. |
|
Secured |
£5000 |
Unspecified |
Leading
Search & Save Website |
|
Accepted
12 leading UK lenders compared. |
10.50% |
Secured |
£7500 |
£105000 |
Up
to 100% of Property value |
|
Homeowner loans or personal home loans are usually secured on your property (or other assets) by the lender as a form of 'collateral' in the event you should default on repayments. This is highly beneficial for you as a borrower because it means the lender has lower risk and therefore will be able to offer you a home owner loan at a lower Annual Percentage Rate (APR) than an unsecured loan. This is a way for you to use the equity you have built up in your home to allow you to raising funds relatively cheaply.
WARNING: 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 ANY OTHER DEBT SECURED ON IT.
|
