Homeowner Loans
Are you a homeowner who wishes to raise funds for any of the following? To consolidate credit cards, banks loans and store cards into one affordable monthly payment? Raise funds for home improvements such as a kitchen, bathroom, conservatory or an extension? Raise funds for a holiday, weddings & special family occasions?
At Smart Home Finance, we help customers looking to raise funds with Homeowner loans.
If the answer to any of the previous is yes, we can help you with a homeowner loan.
We can offer:-
- A friendly smooth and stress free service from a local family business.
- A loan tailored to your individual needs with a repayment period to suit you.
- No need for you to spend time shopping around – we do all the legwork for you.
- We may be able to help even if you have a poor credit history.
- We work with partnered lenders to find a solution to suit your needs.
We also work with lenders whose loans are not usually available to the general public directly. We can therefore offer secured loans to customers who don’t meet the strict criteria of high street lenders. Therefore we can usually meet the needs of those whose credit rating is less than 100%.
The owners of Smart Home Finance are Graham and John who are father and son with over 50 years combined, financial services industry experience catering for both employed and self-employed clients.
We are directly authorised and regulated by the Financial Conduct Authority (formally the FSA) who are the UK financial services watch dog. As well as arranging secured loans we can also arrange insurances to run alongside the secure loan if necessary.
We offer a friendly stress free service guiding you and advising you through the process. We talk in straightforward language with products and advise tailored to individual needs. We do all the legwork for you and if you wish in the comfort of your own home.
What is a homeowner loan?
Also known as secured loans homeowner loans are secured against your property, they are only available to people who own their own home or hold a mortgage. If you have been rejected for a personal loan (also known as an unsecured loan) and you own your property, a homeowner loan may be easier to obtain because of the extra security for the lender.
How Much Can I Borrow?
Homeowner loans can range from £5,000 to £150,000 – The amount you can borrow, and the term and interest rate you are offered however will depend on the amount of equity you have in your home and your personal circumstances.
Please remember, if you are unable to meet the payments your home may be at risk.
Debt Consolidation Loans.
If you have multiple debt repayments a month and you find meeting them a struggle, but you feel you could get them under control if you had a little help, we can offer debt consolidation loans for homeowners.
By consolidating your debts you could replace multiple monthly repayments with one easy to manage payment. This could reduce the amount you pay each month and free up money for other purposes.
How Long Can I take out a Homeowner Loan For & What Can It Be Used For?
You can take out a homeowner loan from 3 to 30 years. They are suitable for a wide range of purposes such as.
Debt consolidation, home improvements, home furnishing, car, motorhome or caravan, weddings, medical bill, holiday, school fees or a tax bill.
Secured Homeowner Loan v Unsecured Loan
If you have experienced credit problems such as county court judgements (CCJ’s), you may find it difficult to get an unsecured loan. However, providing you have sufficient equity in your property and pass the lenders affordability criteria you may still qualify for a homeowner loan. The disadvantage of securing other debts against your home is that your home may be repossessed if you do not keep up repayments on any other debt or mortgage secured on it.
What If I Have a Low APR Rate On My Existing Mortgage?
Don’t worry there is no need to move your existing mortgage, but you may be able to take advantage of a secured homeowner loan.
Does it pay to shop around for the best loan rate?
To shop around you may have to complete a different application form for every lender. Even worse, each lender will conduct its own credit search against your name.
Applying to multiple lenders in this way can be damaging to your credit history. However with Smart Home Finance it is different – you only have to enter your details once.
Another downside of shopping around is that you may never get the low rate loans you see advertised if you have already been turned down for one low rate loan. It is highly unlikely you will qualify for any other loan at that rate, because lenders use very similar acceptance criteria. You might see tempting rates advertised, but there is no guarantee that you will get these – and getting turned down could damage your credit rating.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up with the repayments on a mortgage or any other debts secured on it.
