Owning your own home can mean security for you and your family. It also means that should your circumstances change or something unexpected happen you have a secure asset against which you can borrow money.
A home owner loan can be a sensible choice for many people with their own homes. Even if you have previous CCJs or have defaulted on a loan in the past you may still be approved for a loan if you borrow against your house.
You must be over 18 and own the property yourself in order to qualify for a home owner loan and you will be subject to a credit check so it is important that your credit score is good. You can easily check this online by using a reputable Credit Referencing Agency such as Experian or Equifax.
Normally you will be offered a better rate for a home owner loan than for an unsecured loan. This means that you would be able to arrange lower monthly repayments over a longer repayment period. Ultimately you will have greater control of your own loan and it should be more manageable within your lifestyle. This might even mean that you could borrow a higher amount of money.
You could borrow from £3000 up to £500, 000 and use the money for almost anything from a new car or a holiday to home improvements. You could even borrow money against your home at a competitive rate of around 5.6%.
Finding the best personal loan deal doesn't have to mean searching around for hours. At MKL Finance, we do the searching for you - comparing deals from our panel of lenders to find a deal that suits you.
- Find personal loans for any purpose
- Help from qualified loan consultants in the UK
- No fees payable up-front
- Loans from £3,000 to £500,000
To get started, tell us how much you want to borrow in the form below, and we'll find the best quotes for you from our panel of lenders.