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Homeowner loans are for UK homeowners. Homeowner loans can be secured loans or unsecured loans for any purpose. However the term homeowner loans is more often associated with secured loans since these loans are only available to homeowners who own their own property in the UK.
Homeowner loans are secured loans for people with bad credit and good credit. UK homeowner loans lenders will often agree loans for homeowners with adverse credit history and poor credit rating including defaults, CCJs and arrears.
Homeowner loans are usually big loans compared with unsecured loans since they can be taken over a longer term, sometimes up to 25 years, people find it useful to consolidate all their debts into one big secured loan and still find it affordable.
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Homeowner loans can be agreed for almost any purpose; debt consolidation, home improvements, new car, wedding, divorce, children’s school fees. Some lenders will have restrictions on what they will lend for, for example some lenders do not lend to self employed people to pay their inland revenue tax bill.
Secured loans can be secured against almost any type of property. If you live in a council built house, an army built house, a privately built house, a self build, a flat, a bungalow, whether it is leasehold or freehold there are lenders who can consider all of these types of property for homeowner loans security. Some lenders have restrictions on property, for example if you live in a flat above a shop or in a flat on the 20th storey some lenders will not be happy to agree a homeowner loan.
There are many homeowner loans lenders who are competing for your business and we welcome online loan applications. You are under no obligation to proceed with any quotes you are given.
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