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Homeowner Loans

Being a homeowner can give you a lot more options when borrowing money. This is because you can use your property as security against a loan.

Many lenders are now offering homeowner loans. These often have lower interest rates than standard personal loans and can be paid off over a longer period of time. This can make it much more affordable on a month by month basis if your budget is tight.

You may also be able to borrow more money with this kind of loan. However, this will probably depend on the amount you currently owe on your mortgage, relative to the value of your home.

Fees

You may find that home owner loans have more fees associated with them than a standard personal loan. Look out for things like administration fees and valuation fees and don't forget to take these into account when comparing different loans.

Possibly the most important thing to be aware of with homeowner loans is that you could be putting your home at risk if you don't keep up with your monthly repayments. This is because you have used your house as security for the loan and if you default on that loan the lender may be able to repossess your house.

Homeowner Loans Compared

	Interest Rate	Repayment Term	Loan Amount	Application
Accepted	Typical 9.9% APR Variable	3 to 25 years	£5,000 to £100,000	Details
Compare homeowner loans from 12 major UK lenders. Quickly find the right loan for you from over 100 loans offered.
Polar Loans	Typical 10.9% APR Variable	5 to 25 years	£3,000 to £75,000	Details
24 Hour Loans	Typical 10.9% APR Variable	Varies by Lender	Varies by Lender	Details
24 Hour Loans compares a wide number of available loans to get you the best quote possible.
Debtbuster Loans	Typical 12.7% APR Variable	3 to 25 years	£3,000 to £100,000	Details
Chase Saunders	Typical 7.3% APR Variable for loans over £25,000 Typical 7.3% APR Variable for loans under £10,000	5 to 25 Years	Varies	Details
Freedom Finance	Typical 10.7% APR Variable	5 to 25 Years	£5,000 to £100,000	Details
Loans Page.co.uk	Typical 11.5% APR Variable	5 to 25 Years	No Limit	Details
ABC Loans	Typical 11.5% APR Variable	5 to 25 Years	No Limit	Details