Compare Homeowner Loans

Selected Homeowner Loan Deals

Loan Type
Paragon Bank Homeowner Loan
3.40% APR
Loan Term
10 to 30 Years
£30,000 to £500,000
Special Features:  One of the cheapest homeowner loans in the UK!
Loan Type
Masthaven Homeowner Loan
3.84% APR
Loan Term
Up To 35 Years
£10,000 to £750,000
Special Features: Raise capital for any purpose
Loan Type
Shawbrook Homeowner Loan
3.9% APR
Loan Term
3 to 25 Years
£25,000 to £500,000
Special Features: Complete flexibility – repay the loan in full at any time
Loan Type
Optimum Credit Homeowner Secured Loan
4.0% APR
Loan Term
3 to 35 Years
£5,000 to £500,000
Special Features: Borrow up to 95% of your property value
Loan Type
United Trust Bank Homeowner Secured Loan
4.05% APR
Loan Term
3 to 30 Years
£10,000 to £500,000
Special Features: Super fast loan process from start to finish
Loan Type
Precise Homeowner Secured Loan
4.3% APR
Loan Term
Up To 35 Years
£10,000 to £500,000
Special Features: Borrow up to 85% of your property value
Loan Type
Together Homeowner Loan
6.9% APR
Loan Term
Up To 30 Years
£3,000 to £1,000,000
Special Features: CCJs and Defaults up to 70% LTV (loan to value) accepted

Representative Example

Representative Example:The Representative APRC is 5.9%. Based on an assumed loan amount of £48,000 (including broker fee of £2,505 & product fee of £495) over 240 months at an interest rate of 5% (variable). Monthly repayment £316.78 & total repayable £76,027.20.

Homeowner Loan Service

Our loan service offers homeowner loans for any purpose – so if you want to build an extension, send the kids to university, help them buy their first home, or take the trip of a lifetime, a home loan (often referred to as a second charge mortgage) could help.

As the loan company is securing the loan against your property a secured loan often provides a cheaper longer term finance solution than an unsecured loan, but this will be subject to your circumstances.

We work with independent secured loan brokers who search the market for deals offered by leading providers to help you find the homeowner loan company which offers you the best deal for your situation.

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Finding a loan for your personal circumstances couldn’t be simpler.

We have partnered with Monevo who have created award winning technology to provide you with pre-approved* offers that are available to you in an easy to understand comparison.

By checking your eligibility you can simply choose the offer you want and complete your loan with your chosen lender

Alternatively if you prefer contacting lenders  directly see a selection of deals below.

Often called homeowner loans or second charge mortgages these type of loans as the name implies are secured on your property such as your home to provide security to a lender in the event you are unable to repay the outstanding loan plus interest.

So your property is provided as security to a lender so you could lose your home or investment property if you do not keep up with repayments.

A mortgage is an example of a loan that is secured. The term “secured” loan is often used to refer to a second charge mortgage which is additional finance that sits behind a mortgage or first charge loan.

It can be confusing but the term “secured loan” relates to any borrowing where an asset such as property is used as security – this could be a a residential or investment property.

So for the purposes of this article we are referring to second charge mortgages (commonly known as secured loans, homeowner loans or home improvement loans).

Second charge mortgages can be used for a variety of purposes depending on a lender’s criteria permissions.

Personal loans are unsecured loans which are not linked to an asset. Unsecured loans are offered on more stringent terms so typically the maximum amount you can borrow is less e.g. £25,000 and the term of the loan is restricted e.g. 5 to 7 years.

When assessing a personal loan and how much you can borrow a lender will look at your credit score by looking at your past track record from your credit history.

Examples where a secured loan could be used include; to raise finance for home improvements; funding a second property purchase such as a buy to let; paying for school fees, paying for a lifetime holiday or car purchase; business purposes (including startups); tax bills; securing other debts such as unsecured loans and credit cards which may be expensive to service.

The interest rate you pay if you are accepted will be determined by this scoring and other lender criteria.

For a secured loan a lender will require a charge on your property which means that in the event of defaulting on loan repayments your home may be repossessed. This is the case with a first or second charge on your property.

With this security a lender is more likely to offer more favourable terms for a longer term loan for a higher amount. So typically to borrow over £25,000 for more than 5 years a secured loan will be required.

With a secured loan a lender as well as looking at your credit rating will be required to assess affordability in ensuring that your incoming and outgoings means you can afford monthly repayments.

This will depend on your personal circumstances.

A secured loan may be a better option if time is of the essence and you need funds quickly. Typically a remortgage will take 4 to 6 weeks to complete dependent on the lender – a secured loan can be drawn down within 14 days.

A secured loan may be a cheaper option – With your current mortgage there may be charges if you apply for a new mortgage. You need to check the early redemption penalty clauses in your mortgage contract (ERCs). A new mortgage depending on the product you choose may have expensive valuation and legal fees which you have to pay up front.

It is important to check with your current mortgage lender that they are happy for a second charge to sit behind their mortgage – a good broker will check this for you.

This will vary based on your credit record. It will also be based on other factors such as the amount you wish to borrow relative to the property value.

If you have a poor credit record expect to pay higher rates of interest. The best rates where the loan to value (including any first charge Mortgage) is under 60% start from under 4% pa but what you will be offered will depend on your personal circumstances.
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Types of rates offered will depend on the lender. Fixed rates, tracker rates and variable rates are available depending on your requirements.

It makes sense to use an independent broker who can assess whether this type of finance  is right for you. It may be that remortgaging is a better option for you.

Assuming you qualify a good broker will compare secured loans in the UK market using the best lenders who offer good rates and low charges. Some lenders offer deals with no legal fees and valuation fees which are refunded if the loan does not go ahead.

The turnaround time when applying for a second charge loan can be relatively quick. A 14 day application to fund draw-down is typically assuming there are no unexpected surprises.

A number of lenders for loans under £100,000 use automated valuation models to value properties using database modelling which can save you time and money.

Lender lawyers are also experienced and can ensure your application is done in a timely manner.

Some lenders provide an online process up to the point when a full offer is made when the paper offer and deed is sent in the post for a “wet signature”.

Again using a good experienced second charge broker can make the difference.

For a second charge mortgage you need to be an existing property owner with a mortgage.

Lenders have different criteria but many will consider customers with impaired credit profiles; self employed people with straightforward or complex income profiles; Contractors with short work or intermittent history records.

In many cases yes.

When you apply if this is important to you many second charge lenders provide products where there is no early redemption penalties (ERCs). E.g. if you are expecting a bonus or inheritance in 12 months, then raise this with your broker as a key requirement.


Landlords often raise finance on buy to let properties through a second charge rather than remortgaging. There may be many good reasons for this including not wanting to move away from a good rate on a first charge mortgage, or where early redemption penalties apply, or where the 1st charge is on an interest only basis.

Landlords can use finance to help fund an onward purchase for a new investment property or to use funds to refurbish a property to increase the number of rooms or quality of the let to enhance rental yield prospects. Loans can be secured on a repayment of interest only basis.

Loan to values can be high with terms up to 35 years and UK coverage including England, Wales & Scotland. Maximum loan to values tend to be around 75% LTV with the option of tracker and fixed rates. Secured loans are also available to portfolio landlords.

To speak to an independent broker complete our enquiry form

Homeowner Loan Representative Example:

The Representative APRC is 5.9%Based on an assumed loan amount of £48,000 (including broker fee of £2,505 & product fee of £495) over 240 months at an interest rate of 5% (varaible). Monthly repayment £316.78 & total repayable £76,027.20.