Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Typical APR 16.4% variable.

Shawbrook Bank Platinum Secured Loan (Exclusive)
Max LTVLoan AmountAnnual RateLoan Term
50%£7,500 to £15,0004.6%3 years to 25 years
Exclusively available when you get a quote through money.co.uk.
You must be a homeowner to apply as this loan will be secured against your home.
Shawbrook Bank Platinum Exclusive Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
50%£20,000 to £100,0005%3 years to 25 years
Exclusively available when you get a quote through money.co.uk.
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Secured Loan for Business Purpose
Max LTVLoan AmountAnnual RateLoan Term
60%£20,000 to £100,0005.45%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Nemo Personal Finance Prime Rate Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
55%£30,000 to £200,0005.50%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Prestige Finance Platinum Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
65%£10,000 to £100,0005.6%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Larger Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£100,001 to £500,0005.7%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Market Leading Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£20,000 to £100,0005.7%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Nemo Personal Finance Prime Rate Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
65%£7,500 to £200,0005.78%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Larger Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£100,001 to £500,0005.95%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Larger Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£500,001 to £1,000,0006.4%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Larger Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£500,001 to £1,000,0006.4%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Market Leading Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£20,000 to £100,0006.45%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Market Leading Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
70%£10,000 to £100,0006.45%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Prestige Finance Supersize Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
50%£100,000 to £2,500,0006.5%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Nemo Personal Finance Secured Loans for Self Employed
Max LTVLoan AmountAnnual RateLoan Term
55%£40,000 to £200,0006.54%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Larger Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
60%£100,001 to £500,0006.7%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Base Rate Tracking Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
70%£100,001 to £500,0006.7%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Precise Mortgages Market Leading Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
70%£10,000 to £100,0006.7%3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Prestige Finance Platinum Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
70%£10,000 to £100,0006.75%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Shawbrook Bank Platinum Secured Loan
Max LTVLoan AmountAnnual RateLoan Term
75%£20,000 to £100,0006.9%3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.

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How to Find the Best Homeowner Loans

by DanB from money.co.uk

If you need to borrow a large sum of money and don't mind using your home as a guarantee you'll pay it back, our guide to the best homeowner loans could help you find what you need.

House Made Of Coins

Whether you're looking to make a significant purchase, make some improvements to your home or consolidate your existing debts into something more affordable, you'll need a loan if you don't have the capital required up front.

If you own your own property, a home owners loan is an option that could allow you to borrow far more than an unsecured loan would. Having said that, it's also a risk; a secured loan is taken out against your property, so if you don't make your repayments your home could be repossessed. They can also work out to be expensive, as they usually have long terms, which pushes up the total amount of interest you'll pay overall.

What to consider

There's more to finding the right loan than just looking for the best interest rate...

Decide how much you need to borrow

Working out how much you need to borrow will make it easier to find the right loan and work out how much it should cost.

Work out how long you need to repay the loan

When you choose a loan with a longer term, the amount you'll need to pay each month will be lower, but the total amount of interest you'll pay overall will increase. To make it as cheap as possible, try to keep the term as short as you're able to, while still making sure you can afford the monthly payments.

Choose a fixed or flexible loan

  • Fixed rate loans let you pay the same amount each month, so planning your budget is much easier
  • Flexible loans have interest rates that aren't guaranteed to stay the same, meaning the amount you pay each month isn't set in stone, so it can be hard to plan ahead. Unlike fixed rates, they do let you make overpayments or even pay off the loan early
  • Short term fixed rate loans have a frozen interest rate for a specified time, then switch to a variable rate

Look into the fees

Arrangement fees, charges for arrears and early repayment fees can all drive up the cost of a home owner loan, so make sure you look out for these and include them when you work out each loan's total cost.

Compare home owner loans

Once you've worked out what you want from your loan, made sure you can afford it and have weighed up the risks, look at the options on our homeowner loan comparison.

Finding a low interest rate will reduce how much you need to pay back, but be sure to assess each loan by the total amount it will cost you and how well it fits your own circumstances as well as the rate.

Protecting yourself

When offering homeowner loans UK lenders will still sometimes suggest Payment Protection Insurance (PPI).

Although such policies were mis-sold in the past, they will protect your repayments if you become ill, injured or unemployed, lessening the risk of losing your home if something goes wrong. Our guide weighs up the benefits.

Options other than a homeowners loan

Secured loans may often be the cheapest choice, but they are also a risk; if you can't meet the loan's repayments, your house could end up being repossessed. If you're not willing to risk your house, consider an unsecured loan - our guide looks at the pros and cons.

You could also consider a remortgage instead, and use some of the equity in your house rather than getting a loan. This will mean you spend longer paying off your mortgage, but it could still be the cheapest route.

Using a credit card is another option. Although they often have higher rates than other forms of credit, if you can find a deal offering 0% on purchases and are able to pay the sum back quickly enough, it could be your best bet. Our guide explains how to get the best deal.