Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC.
Minimum Term 12 months. Maximum Term 300 months. Maximum APR charged 49.9%.
Subject to status, the actual rate will depend on your circumstances.
Loan Arrangers is a loans broker, not a lender. This means that we have access to many lenders products, and therefore we are able to to compare hundreds of different loan products starting from as little as 3.83% APR. We also make the loan application process simple. This means that you can sit back and relax whilst we do all the work for you and search the UK loans market for the best loan to suit your circumstances.
Depending upon your personal circumstances, as a homeowner you could borrow from £10,000 to £500,000 with repayment terms ranging from 1 year to 25 years.
We know that some people may have a less than perfect credit history. This can make it difficult to get a loan from the usual banks and lenders. However, we have lenders on our panel that are more sympathetic to borrowers that may have or had credit problems in the past and this gives us access to loan products that allow CCJ's and or Defaults.
Our expertise is in finding you the right loan with the minimum of fuss. You only have to make one application and we will search a wide panel of lenders. This allows us to compare 100's of loan products on your behalf, saving you the time and effort of having to apply on lots of different websites. We only deal with reputable lenders and we are comitted to helping you find the right loan and at the best possible rate.
*Our partners peform a soft search before providing you with a quote. This means that it will not appear on your credit file other than when you view it. Thus, applying will not affect your credit score.>
When you apply for a loan through Loan Arrangers, we will take your situation and requirements into consideration in order to find you the best homeowner loan possible to suit your circumstances. We won't waste your time offering you loan products that are not available.
We have access to most of the UK Lenders offering homeowner loans. Taking your circumstances into consideration, we will strive to get you the best interest rate available. There are no up-front fees and using this service to find a loan will not affect your credit rating.
Your application and personal details are safe and secure with Loan Arrangers. Your data will only be used in accordance with the Data Protection Act of 1998 and never passed to third parties unless when being used within the purpose of your loan application.
You can use a homeowner loan for pretty much anything, as long as it is a legitimate purpose. The most commom reasons are for Home Improvements, Debt Consolidation, Car Purchase, Holiday and to pay for a Wedding.
A homeowner loan is a loan that is available to people that own their own home, who usually still have a mortgage in place. Also known as a secured loan or second charge mortgage, the loan is secured against your property, in much the same way that your mortgage is.
Homeowner loans are useful if you wish to borrow a large sum of money, or if you have had credit problems in the past. They are typically used for home improvements, consolidating other debts in order to save money, or for a large purchase.
As the loan is secured against property, lenders are more likely to lend to you as they see there is less risk. This can often result in a lower interest rate, and more sympathy for people with a less than perfect credit history. Be aware though that your home could be at risk if you are unable to repay the loan.