Homeowner Loans from Libra Finance UK

 

There are many different types of loan on the UK market these days, and if you are a homeowner you can get a really good deal on interest rates. There are scores of UK companies that specialise in lending money to the homeowner, and many of these companies can offer large sums of money over long periods of time and at really competitive rates.

I'm a home owner / mortgage payer*

If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...

I'm a tenant or renter

If you don't own your own home or pay a
mortgage, then we can still help with a loan
of up to 15k.

 

The UK lenders that deal with homeowner loans take far less of a risk than those that deal with unsecured loans, because they effectively have your home as collateral on your borrowing. This is why this type of loan offers an attractive interest rate – because it is a low risk loan to the lender. You either make your monthly payment and the lender gets the initial loan back with interest, or you default, are forced to sell your home and the lender still gets his money.

 

If you own your own home you’re likely to find that many of these companies are fighting for your business, each coming up with bigger and better deals on interest and benefits. You can really take advantage of this competition by comparing the plethora of homeowner loans that are available to you and choosing the one which can offer you the best deal. And taking out a loan of this type offers many advantages: you can select a long repayment period, normally from 3-25 years; you can borrow far more than with a standard loan, depending on the equity in your home; you will get low interest rates, that can be fixed for a number of years if you wish; and you can consolidate all of your other high interest debts (such as credit cards, overdrafts, store cards etc) and make one simple monthly payment with just one interest charge instead.

 

Despite all of these benefits, it is important to remember that with these loans it is your home that is at risk. If you default or are unable to meet your repayments, the lender is perfectly entitled to force the sale of your house to get his money back. And because we can never be sure what each day holds, it is always advisable to take out the optional insurance that is offered with this type of loan. This will minimise the risks for you, ensuring that your payments are covered if you are unable to work due to sickness, redundancy or injury.

 

So if you are looking to lend money and you own your own property, this type of loan is an affordable and viable option. You can get a homeowner loan for almost any purpose, from consolidation of debt to holidays, home improvements or a car. And as long as you protect yourself with insurance, you shouldn’t have to worry about losing your home.

Libra Finance UK

a range of loans for any purpose

fast decision from our courteous staff

available up to 2.5 million

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OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.