With a loan from Countrywide Money, not only do you have greater freedom, flexibility and control but also the reassurance that you are dealing with one of UK’s independent finance companies. Established since 2002 with experience in the finance and utility market, we believe we are better placed than any other broker to get you the finance you need at the best rate possible. You can be confident that you will always be treated fairly and professionally. We aim to make your finance and utility arrangements simple, easy and hassle free.
A homeowner loan (otherwise known as a secured loan) can be appropriate for a range of different purposes including, debt consolidation
Countrywide Money will find the best deal to suit your needs.
Loans available from £5,000 to £500,000.
What are "homeowner (secured) loans"?
When loans are "secured" it means that you have offered your home to the lender as a guarantee that you will make the loan repayments as agreed. If you don't pay back secured loans as agreed, the lender has an option to take your property from you to make good the debt.
What is "security"?
Security refers to your property.
It may be your home, in which case you have to own the property, not rent it. It doesn't usually matter whether your home is mortgaged or owned outright.
Why use secured loans?
Secured loans may be easier to obtain than unsecured ones, especially if your credit rating is poor or you need to consolidate some existing debts. They are easier to get because the lender is taking less risk.
Secured loans may be cheaper to pay back. The interest rate, set by the lender, often reflects the degree of risk involved: more risk leads to higher interest rates, reduced risk leads to lower interest rates.
If you are looking to borrow larger sums of money (into the tens of thousands of pounds) then secured loans may be your only option, because the lender won't be willing to take any risk.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.