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Homeowner loan

Borrowing a lump sum?

Unsecured personal loans or second charge mortgages for almost any purpose available for UK homeowners. If selecting a second charge mortgage then think carefully before securing other debts against your home as it may be repossessed if you don’t keep up repayments on this debt. All loans are subject to status.

Own your home? Need a loan?

  • Flexible terms of 1 to 25 years
  • Loans arranged by Freedom Finance from their panel of lenders
  • Price quotes provided without affecting your credit profile
  • Homeowner loan overview

    Homeowner loan

    A no obligation price quote is provided without affecting your credit profile

    This loan could suit you if

    • You own your home
    • You're looking to borrow up to £250,000
    • You’re looking to extend the term of your loan

    THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE AND ANY DEBT SECURED ON IT.

    For secured loans a charge over your property will be required.

    Why a homeowner loan?

    You can use a homeowner loan for just about any purpose as long as it’s covered by the lender’s terms. Many people use larger loans for larger purchases such as a new car. They're also used to fund home improvement projects and to consolidate outstanding debt and lower outgoings by spreading borrowing over a longer term, although this may mean that you pay more interest overall.

    About Freedom Finance

    Freedom Finance are a credit broker and have an agreement with us to arrange personal loans and advise on and arrange second charge mortgages. Getting a price quote from them won't affect your credit rating.

    The loan or second charge mortgage will come from a reputable lender on Freedom Finance's panel. When we refer you to Freedom Finance, this doesn't mean that your application will be successful.

    Second charge mortgages have a secondary priority behind your main (or first charge) mortgage. They are a secured loan, which means they use the borrower's home as security. So you'll have two mortgages on your home.

    Freedom Finance may charge a fee for advising and arranging a second charge mortgage. This can either be added to the second charge mortgage value (with interest charged on it over the term of the loan), or you can pay this fee upfront. The second charge mortgage adviser at Freedom Finance will discuss the fees and your options with you.

    If you arrange a loan or second charge mortgage through Freedom Finance as a result of this referral, we'll receive a commission. If you take a second charge mortgage, you’ll see the commission amount in your pre-contract information.

    For these purposes Barclays Bank PLC is acting as a credit broker and not as the lender

  • Eligibility

    You'll need to be:

    • 18 or over
    • A UK homeowner with the permanent right to reside in the UK
    • Earning a household income of at least £8,000 a year

    If you’re eligible, we can refer you to Freedom Finance – but this doesn’t mean that your loan/second charge mortgage application will be successful, as the loan/second charge mortgage is still subject to status.

  • How to apply

    We're a responsible lender so we urge you not to take out loans/second charge mortgages that you can't afford to repay.

    To apply you can either submit an online enquiry form or call Freedom Finance directly.

    • Fill in an enquiry form  online and we’ll forward it to Freedom Finance
    • Apply by phone with Freedom Finance on 0800 183 0513

     

Other loan options

If you’re looking for an unsecured personal loan, we’ve got loans to suit your needs. All loans are subject to status.

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Business loan

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Professional and Career Development Loan

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Want to speak to us?

 

Other ways to borrow

If you need a little extra cashflow now and again, there may be some alternatives to choose from.

Credit cards

From your first credit card to making everyday purchases or transferring a balance

Personal overdrafts

Short term way of borrowing, up to an arranged limit