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We search the market from over 600 plans.
You can choose to spread the cost over any term from 1 to 30 years.
Even if you have a poor credit history or CCJs, are self-employed or even retired.
Alternatively, call FREE on 0800 694 5566 Open 24 hours a day.
We’re a broker, not a bank, so we can search wider to find you the best products. So you get more choice not more rejections, even if you have a bad credit history. And that’s more than any bank can offer.
A homeowner loan is a type of credit secured against the value of your property. It allows you to use the value of your home as a guarantee to lenders that you’ll be able to repay a loan, by putting up your property as an asset. Because they’re more confident in lending to homeowners, lenders tend to offer more favourable terms than those of an unsecured loan.
A homeowner loan works like a mortgage - the amount you borrow is insured by the value of your home. You’ll pay off the loan with interest rates each month over an agreed timeframe.
A homeowner loan from Norton Finance can be used for a wide variety of purposes, including:
Taking out a homeowner loan is a big decision that shouldn’t be made lightly. Before you apply, carefully consider how best to use the money you’re borrowing, and what terms will be manageable for you month-to-month. A homeowner loan may put your home at risk if you fail to maintain the agreed repayment schedule.
So long as you own all or part of your own home, you could be eligible for a homeowner loan. It’s our job as a mortgage broker to help you take control of your financial situation, securing the funds you need. We can identify the ideal homeowner loans for people with poor credit or CCJs, unemployed or retired.
To begin your application, use our homeowner loans calculator to see how much you can afford to borrow. Once you’ve chosen how much you wish to borrow, and for how long, you can begin your application online. As well as your most recent mortgage statement, make sure you have all the following details to hand:
Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.
Norton’s homeowner loans vary in value from £3,000 to £500,000.
As soon as you apply for the loan, you’ll receive a decision in principle. The loan will be properly finalised within two weeks of applying.
Repayment terms are flexible. They can be a short as a year, or as long as 30 years. The most important thing is that you’re comfortable with the time period.
While homeowner loan interest rates can be as low as 2.9%, the rate you secure will depend on your history of personal finances and your current circumstances.
We’re a broker, not a bank, so we search the full range of lenders’ products to see how all of their homeowner loans compare. Once a loan is secured, we take a commission payment from the lender and we may also charge a broker fee. This is charged at 12.5% of the loan itself, to a capped figure of £3,995. If a loan is unsecured, we won’t charge a broker fee.
Anyone who sells their home will have to pay off the homeowner loan they’re currently servicing, or transfer the amount to a new mortgage.
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