Homeowner Loans For Any Purpose!
Whether you’re dreaming of decorating, considering consolidating or have loftier dreams like an attic conversion, a homeowner loan might be perfect for you.
We’re here to save you time and money!
Turning Dreams into Reality
How a Homeowner Loan Can Fulfill Your Aspirations!
Whether it’s envisioning home improvements, contemplating consolidation, or aiming higher with projects like an attic conversion, a homeowner loan could be the ideal solution.
What sets homeowner loans apart is their capacity to provide higher borrowing limits compared to personal loans, often accompanied by more favorable interest rates.
This advantage stems from the collateralization of your home, which positions you as a secure investment for lenders when seeking larger amounts.
Is a homeowner loan right for you?
When it comes to larger borrowings or extended repayment durations, homeowner loans offer a suitable avenue. Our cutting-edge technology streamlines the process of finding the optimal deal for your needs.
Choosing a homeowner loan can provide the flexibility you desire, allowing you to access substantial funds and spread repayments over a lengthier timeframe. Nevertheless, since your home serves as collateral, it’s prudent to thoroughly assess your alternatives.
Flexible Loan Range
Explore a versatile loan range, offering borrowing options from £10,000 to £10 million.
Extended Repayment Aspirations
If you’re looking to stretch out your loan repayment period, we’ve got you covered.
Streamline Debt Repayments
Seeking to merge multiple debts into manageable payments.
Explore the Benefits
Comprehensive Benefits of Manuka Money's Secured Loans!
Unlock Financial Flexibility with Borrowing Ranging from £15,000 to 1.5 Million.
Receive a Complimentary Property Valuation.
Say Goodbye to Upfront Fees and Hidden Charges.
Explore Generous High Loan-to-Value Choices.
Access Tailored Solutions for Poor Credit Scores.
Trust in Our Repeatedly Awarded Services at ManukaMoney.co.uk.
Everything you need to know before applying for a homeowner loan.
How does it work?
It’s quite straightforward – to qualify for a homeowner loan, you must own a home. Also referred to as home equity loans, these loans enable you to secure a lump sum of money by using your property as collateral.
Consequently, lenders are often more inclined to grant larger loan amounts, provide improved interest rates, or even extend repayment timelines to accommodate your needs.
How much can you borrow?
With a homeowner loan, your borrowing range spans from £10,000 to £10 million. However, the extent of your borrowing capacity hinges on the proportion of your home that you possess fully.
To estimate the maximum potential borrowing amount, deduce the outstanding balance on your mortgage from your property’s current value.
Will you be approved?
Similar to any loan application, your lender will assess your credit history and credit score. However, given the collateral of your home, they’ll place greater emphasis on your individual situation, property value, and mortgage specifics.
Consequently, a homeowner loan provides a higher chance of securing the required funds compared to a personal loan.
(Our homeowner loan calculator is designed to offer insight into the potential deals you may be eligible for.)
You can pay it off over longer.
Unleash the Potential of Homeowner Loans: Extend Your Borrowing Horizon to 35 Years.
This enables you to distribute expenses across convenient monthly installments. And if circumstances permit, an early payoff is also an option.
We’re here to save you time and money!
Discover the Insights That Truly Matter!
These real-life experiences offer a glimpse into the world of Manuka Money. Learn first-hand how we've transformed aspirations into reality, providing tailored mortgage solutions and unwavering support.
We were introduced to Carl through a mutual friend, who had worked with him prior to him setting up his own company Manuka mortgages. Our initial enquiry and dealings began early in 2022 as we were at the fact finding stage and needed some advice.
Some months later we got back in touch with Carl as we were ready to push the button on a house.
Carl is a delight to work with, he is friendly and approachable (unlike other brokers I have worked with in the past!) he is throughly professional and extremely efficient. We have no hesitation in recommending his services.
— Stephen B. (Homeowner)
I cannot recommend Carl enough! Absolutely fantastic from the start to the finish of us purchasing our house! We are self employed which made it slightly more difficult but nothing was too much trouble, no matter the time of day Carl was there to put our mind at rest and give us great advice. He was honest from the start about all our options and really did his best to help. We will definitely be using Carl again when we remortgage. Such a lovely yet professional man who will absolutely do his best for you!
— Courtney (Homeowner)
I wanted to get a new mortgage with a more competitive rate of interest and was advised to try Manuka Money by a friend. I am so glad I did! The process was painless and quick, with everything laid out in easy to understand terms.
My options and needs were discussed in detail and I can't fault Manuka Mortgages for a single thing. Not only were all options spelled out for me, I was given first hand accounts of experience with each company and advised on the basis of that who would be best to go for. The entire time I was speaking to the same person, I did not feel like I was being passed from pillar to post but was given a bespoke experience.
I will recommend this company to absolutely anyone who asks me for mortgage advice.
— Mr King. (Homebuyer)
Frequently Asked Questions
How long can I borrow with a homeowner loan?
Homeowner loans offer a flexible borrowing period, extending up to 35 years. This extended timeframe allows you to distribute the loan amount into manageable monthly payments, tailored to your financial comfort.
What can I use a homeowner loan for?
Homeowner loans are versatile and can be utilized for various purposes. Whether you're considering home improvements, debt consolidation, or other financial goals, a homeowner loan provides the necessary funds to make your aspirations a reality.
Can I repay the homeowner loan earlier than the agreed term?
Absolutely. If your financial situation improves or you come into a lump sum of money, you can choose to repay the homeowner loan ahead of schedule. This can potentially save you on interest payments and offer greater financial flexibility.
Representative Example for secured loans: based on borrowing £18,000 over 120 months. Interest Rate: 5.5% fixed for 60 months with instalments of £213.33. Followed by 60 months at the lenders standard variable rate of 5.7% with instalments of £214.36. Fees: Broker fee (£1,062); Lender fee (£595). Total amount payable £25,756.4 comprised of; loan amount (£18,000); interest (£6,004.4) including broker fee and lender fee. Overall cost of comparison 7.902% APRC. This means 51% or more of our clients receives this rate or better for this type of product. We have arranged borrowing with rates from 4.9% to 29% APRC which has allowed us to help customers with a range of credit profiles. We are a broker not a lender.
Secured Loans have a minimum term of 36 months to a maximum loan term of 360 months. Maximum APRC charged 29%.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.