Mortgages, homeowner loans, finance. Mortgage information, advice on homeowner loans and finance guides from Independent Financial advisors and Mortgage Brokers.

Mortgages are loans that people take out in order to buy a house or a flat. There are all sorts of different mortgages: variable rate mortgages, fixed rate mortgages, base rate tracker mortgages, discount mortgages, mortgages for first time buyers, and specialist mortgages for people who are self employed or for people who need a mortgage with credit problems.

There are more than 150 different mortgage lenders in the UK and between them they offer a variety of more than 6000 different mortgage and remortgage products. With such a bewildering range of mortgages available, it can be a difficult and time-consuming job trying to decide which mortgage or remortgage is the best one for you.

For this reason, it is often sensible to take advice from a professional mortgage broker who will have an expert knowledge of the mortgage market and will be able to help you pick the most appropriate mortgage or remortgage product for your needs.

Homeowner loans (also known as secured loans) are similar to mortgages in so far as they are loans which are secured against your property. This means that if you do not keep up repayments on the loan then the lender has the right to repossess your home. But the plus side is that because the lender has this extra security they usually offer lower interest rates for homeowner loans than they do for unsecured loans.



Homeowner loans can be used for various purposes, such as paying for home improvements, clearing other debts, paying for a holiday, or buying a new car.

Homeowner loans can be a useful alternative to a remortgage, particularly if time is of the essence of if you are tied into a mortgage deal that has early redemption penalties.

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.