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Got Big Plans? Let’s Make Them Happen
Finding the best homeowner loans can be daunting. Securing a loan against your home needs careful consideration. Not over-committing yourself financially is a must, as your home may be repossessed if you don’t make the monthly repayments. That’s where WeTrust can help. We’ve partnered with Fluent Money to provide a homeowner loan comparison service that’s simple to use. If you’re a homeowner and you’re looking for a loan between £10,000 and £250,000, we can help find you the best homeowner loan.
There’s no limit on what you can use your homeowner loan for. You might be planning a new extension to cope with the kids’ ever-growing toy collection. Or you want to take that round-the-world trip you’ve promised yourself for the past few years. Whatever you want to do, compare homeowner loans with WeTrust.
How WeTrust Secured Homeowner Loans Work
WeTrust’s homeowner loans comparison service could help you find the best homeowner loan. UK residents can benefit from low-interest and fixed-rate loan options, because our panel has lenders with loans to suit most circumstances.
Lenders may see you as a lower risk if you agree to secure your loan against your home. They may offer you lower interest rates than you’d get for a personal (unsecured) loan. However, if you can’t pay the loan back, you risk losing your home. Make sure you work out whether you can afford the loan before signing up for one.
The loans available through our comparison service vary depending on elements such as your financial situation and how long you want the loan for. Try WeTrust’s comparison service and find a loan that’s right for what you need.
Multi-Purpose Secured Loans
Fancy a loft conversion to add another bedroom to your house? Or maybe you’ve got some other debt you’d like to pay off. You might even want to buy a holiday home. Whatever your needs, WeTrust’s comparison service can help find you a loan for any purpose.
Loans from £10,000 to £10 Million
The lenders on our panel offer loans from £10,000 to £10 million. If you want to borrow a large amount, look at remortgaging as an option, too.
Low and fixed rates available
WeTrust’s comparison service offers loans with different interest rates and repayment terms. It’s important to understand which rate you are on, as it can affect the amount you pay each month.
As Easy as 1, 2, 3
WeTrust makes comparing homeowner loans easy and fast. Fill us in on how much you’re looking for, and one of our experts will help you find the right loan.
How much do you want to borrow? abc
Let us know the size of the loan you want and what you’ll use it for.
Tell us a bit about yourself abc
We need your name, address and contact details as well as the details of any outstanding finances.
Submit your details to speak to our secured loans expert abc
Click on the "Start Enquiry Now" button to send us the information we need. We’ll assign an experienced advisor to your case. They’ll contact you for more details, then search our panel of lenders to find a loan that best suits your circumstances. Once they’ve found some that are right for you, they’ll send you the loan details to review.
How to find cheaper homeowner loan?
A homeowner loan is a loan secured against your home. To give you a loan, lenders may want there to be equity in your home – enough to cover the loan should you be unable to pay it. A homeowner loan is also called a secured loan, home loan or second charge mortgage.
A homeowner loan is a loan secured against your home. To give you a loan, lenders may want there to be equity in your home – enough to cover the loan should you be unable to pay it. A homeowner loan is also called a secured loan, home loan or second charge mortgage.
A homeowner loan is suitable for people with mortgages or who own their home. They’re available if you need a large amount of money and for people with bad credit ratings
There are three main types of homeowner secured loans available:
– Fixed-term: your monthly payments are the same throughout your loan, so you know how much you’ll be paying each month
– Variable-rate: the interest rate on this kind of loan may change during the loan, meaning your monthly payments could go up or down.
– Short-term fixed rate: you pay the same amount each month for a set time, usually between one and five years. Then you pay a variable rate for the rest of your loan.
Yes, typically lenders will only give you a loan if you fit certain criteria. For example:
– Be within a specific age group, eg 21-65
– UK resident for three years
– Have a regular income
– Have a current account
– Have equity your home
Once you sign the paperwork and return it to the lender, you will usually receive the money within three to five working days. Some loan providers will arrange for a same-day transfer. They may charge you a fee for doing this.
If you want to take out a homeowner loan, you need to know:
– You can usually only take one loan out if you have equity in your property
– Some loans have variable interest rates, so the repayments may change during the loan. Make sure you can afford the repayments.
– If you don’t make the repayments on your loan, your lender could apply to have your home repossessed and sold to pay your debt.
– There may be a penalty charge if you want to repay the loan early. Check your loan paperwork to see if this applies to you.
– Some loans allow you to take a ‘payment holiday’, which is handy for months where you need a bit of financial breathing space.
