Homeowner loans, mortgages, finance. Information on homeowner loans, Mortgage advice, and finance guides from Independent Financial Advisors AND Mortgage Brokers.

Homeowner loans (or secured loans as they are also known) are a way for people to own their own home to take out a loan at a lower rate than they might pay on an unsecured personal loan.

Homeowner loans are secured on your home, in the same way as a mortgage or remortgage. However, homeowner loans can sometimes offer advantages over a traditional remortgage.

Homeowner loans generally have a quicker application process, and no restrictions on what the loan is used for. The application form for a homeowner loan is typically only a single page and the interest rate is only charged on the additional amount rather than being applied to the whole mortgage balance.

Unlike mortgages, homeowner loans are not usually subject to the same income multiples as a mortgage. With a mortgage, you can typically only borrow three to four times you salary. But with a homeowner loan the amount you can borrow is normally based purely on affordability calculations.

Mortgages and remortgages usually have restrictions on what you can use them for, But a homeowner loan can be used for anything - even paying off a tax bill or funding the start-up of a new business.



There are homeowner loans available which will take into account mortgage arrears, defaults, bad debts, credit problems, and CCJs.

Sometimes a homeowner loan may be better as it will allow you to avoid early redemption penalties which may apply if you take out a new mortgage to raise extra cash. By using a homeowner loan instead, you can leave your existing mortgage as it is, avoid any early redemption penalties or other tie-in issues, and still release some of the equity tied up in your home.

For people buying a house or moving home, a mortgage is usually the answer.

The UK has over 150 mortgage lenders and between them they offer more than 6000 different mortgage and remortgage deals. With such a huge choice of mortgages available, it can be time-consuming and hard deciding which mortgage or remortgage is right for you.

There are lots of different types of mortgages available nowadays. These include fixed rate mortgages, variable rate mortgages, discount rate mortgages, mortgages for first time buyers, self-employed mortgages, tracker mortgages, capped rate mortgages, flexible mortgages, and debt consolidation mortgages.

There are also plenty of mortgages for people with credit problems, including: bad credit mortgages, mortgages for debt consolidation, IVA mortgages, mortgages for discharged bankrupts, mortgages to stop repossession, mortgages for people with mortgage arrears, poor credit mortgages, and mortgages with bad credit for first time buyers.

Your mortgage is probably the largest financial commitment you will ever make, so making the wrong choice could cost you dearly.

As well as these two types of secured finance, there are also many other types of finance which are known as unsecured finance. These include bank overdrafts, personal finance agreements for car leasing, credit cards, personal loans, and store cards.

These days, finance is very easy to obtain. All sorts of different types of companies offer finance, from furniture retailers through to car dealers. If someone is offering you finance as a consumer you should make sure they have a valid consumer credit licence for the kind of finance they are offering.

If someone is offering to help you arrange a mortgage, they should be authorised and regulated by the Financial Services Authority who oversee a wide range of finance products within the UK.