Securing additional finance with a homeowner loan from Deal Direct.
If you currently hold a mortgage but require additional funds, you could be eligible for a homeowner loan. This is a loan in addition to your mortgage that’s secured against your property and is often referred to as a second charge or a secured loan.
The advantages of a homeowner loan include:
- the ability to apply for a much larger amount than for a personal loan e.g. £100,000 or even £250,000 (depending on the lender)
- the use of funds for mostly anything you like, i.e. home improvements, payment of credit card debts etc.
- flexible repayment terms up to 30 years
- the possibility of applying even if you have a challenging credit history
How can Deal Direct help you?
We are a leading independent UK mortgage broker with over a decade’s experience sourcing home financing solutions for our clients. We are industry experts with a wealth of knowledge. After carrying out a full review of your circumstances and requirements we can advise you on:
- which UK lender will offer you the best rates and terms
- how your household income is used to determine affordability
- how to present your application in the best light possible
- the effect of any negative equity in your property and whether you can still obtain a loan
Our advisors are here to help in any way we can so don’t hesitate to call us for further information on homeowner loans.