Unsecured Loans for homeowners
As a homeowner when you wish to borrow money you have a number of options.If you have a mortgage you could contact your current mortgage provider for a further advance. You could consider remortgaging your property. A secured loan is another option but many homeowners do not like the thought of "risking" their homes by taking out a second charge, even though you will get the cheapest rates. The final option is an unsecured loan. This type of loan is not secured against your property which puts many peoples minds at rest. The drawbacks with this type of loan are:
- You cannot borrow as much as with a secured loan. Typically the maximum you might be able to borrow is about £25,000.
- You cannot borrow over as long a period. Typically unsecured loans are available with repayment terms up to 10 years.
- Acceptance terms are stringent and it might be difficult if you have adverse credit.
If this is not a problem to you we will be happy to provide you with a fast quotation entirely without obligation. Fill out our online enquiry form with your basic details, it will only take about 5 minutes, and we can quote you a monthly repayment figure and confirm a decision in principle.
Free no obligation unsecured homeowner loan quotation.
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