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What is a Homeowner Loan? A homeowner loan lets you borrow money using your home as collateral. In simpler terms, you’re securing the loan against your property.  This makes it safer for the lender, but there’s a catch. If you can’t pay back the loan, the lender could take your home to recover the debt. […]

What is a Secured Loan? When we talk about a secured loan, we mean a loan that’s tied to an asset, most commonly your home. That means if you default on your payments, you could lose that asset, so tread cautiously. The upside? Secured loans often come with perks like lower interest rates and a […]

What Exactly Is a Loan Against Property? When you take out a loan against your property, you’re using your home as a security blanket for the lender. The loan is “secured” against your home’s value, offering the lender peace of mind.  If you can’t repay the loan, the lender has the right to sell your […]

What is a Joint Loan? As discussed, a joint loan is a loan that you and someone else — a partner, friend, or family member — apply for together. Whether you’re dreaming of a new car or planning to refurbish your kitchen, a joint loan could help you get more funding than you could alone.  […]

What is an Interest-Only Secured Loan? An interest-only secured loan, often called an interest-only second-charge mortgage, offers a practical way for existing homeowners to unlock additional funds by freeing up home equity. This type of loan uses your home as security, so failing to make payments could result in the lender seizing and selling your […]

Can I Borrow Against My House? Yes, you can, especially if you have a significant equity build-up in your home – the surplus of your property’s worth over the remaining balance on your mortgage.  Let’s say, your home stands at a market value of £200,000 and you have £150,000 left on your mortgage; this means […]