Are you a homeowner with a mortgage? Are you considering borrowing money to fund home improvements, such as a new kitchen or extension, but don’t know where to start?
A homeowner loan (also known as a secured loan) could be the answer. If you own your home, and have a mortgage on it, you may be able to borrow money using your property as security. This is ideal for people who can’t access additional funds as they are tied in to their current mortgage scheme, have an adverse credit history or have reached their maximum lending potential on their mortgage, for example.