Homeowner Loan

Whoever you hold your mortgage with, a Relax Finance Homeowner Loan could help you raise additional finance with your property being used as security. People not wishing to sell their home, but wanting to use the property’s equity to obtain money from it, could find the homeowner loan the ideal solution.

Money can be borrowed for almost any purpose. So, you can use a homeowner loan to buy a car, take a holiday, renovate your home, pay for a child’s education… whatever you want.

How much can I borrow?

Using your home as security means that banks are happy to lend larger sums at lower interest rates than with unsecured loans. Secured loans can be used for just about anything, and almost anyone can apply for one, as long as you are over 18 and a UK homeowner.

The maximum loan sum expressed as a percentage of the borrower’s property value (the Loan-to-Value ratio) is 125% and the amount borrowed can be anything from £10,000 to £250,000. Both will depend on your personal circumstances. These include:

• Income
• Property value
• Previous credit-worthiness
• Period of mortgage payments
• Employment history

Repayment terms are from 3 to 30 years. The interest paid on the loan is calculated by considering the personal circumstances of each individual.

Which homeowner loan is right for me?

Relax Finance are specialists in secured loans for UK home owners. And, as master brokers, we are able to access a large section of market lenders to find the very best homeowner loan for you. Applying for a Relax Finance Homeowner Loan is simple. Simply click Online Loan Application and find out how easy it is to use your property as security to borrow a much-needed lump sum.

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Calculate your repayments and apply for your secured loan online now at: www.relaxfinance.com