Sapphire Mortgages can help you if you are looking to take out a secured loan. There are many situations when secured loans are the suitable option. The most popular option is when you are tied into your current mortgage and would have early repayment charges to raise extra finance through re-mortgaging. Please use the quote or enquire form and within minutes we will find the best loan rate for you from top UK lenders. Our service comes with a no obligation offer and no initial credit check.

Bear in mind that the disadvantages of secured loans is that securing money on your property this way will usually lead to a higher rate of interest being charged, when comparing to a mortgage rate. A secured loan can also create obstacles to overcome when re-mortgaging if your deal is coming to an end, as the secured loan will take up equity in your property. The secured lender may need to give permission to the mortgage lender to allow the re-mortgage to go through. This is known as a “deed of postponement”.

homeowner secured loans

What is a Homeowner Loan?

There are many situations when it is essential to raise finance for major purchases, perhaps home repairs, a holiday or school fees. A homeowner loan is often the cheapest and most effective way to raise required cash from invested capital.

This is often referred to as a secured loan. A secured loan is when a person borrows money with security put down against the loan. This guarantees the loan by assigning rights to the security, you have put down against the loan, in the event of a loan repayment default.

The most frequesntly used asset used for security in these circumstances is a house, or a portion of the homes equity that is not already in use a security against a separate loan. This is the reason this type of secured finance is often referred to as a Home Owner Loan

Why choose a secured loan?

The capital that a home owner can release secured against their home can often be used for any purpose. People use the released equity finance for home improvements, buying a car, holidays and debt consolidation.

Because the loan is secured against your home it is possible to obtain lower interest rates than a standard unsecured personal loan, and rates are far better than the unsecured funds that are available through credit and store cards.

Sapphire Home Owner Loans

Sapphire Mortgages provide a great range of Home Owner and secured loans. We use the most popular and secure lenders to release equity from your home for almost any purpose.

We can arrange the best loan rates quick and fast, just fill out the quick quote form and we will start the process rolling for you with no obligation.