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If you are thinking about raising some money but a re-mortgage is not right for you, a homeowner loan could be the answer. Homeowner loans are sometimes known as secured loans, so called because the lender will secure the loan against your property. This being the case, a secured loan can often be cheaper than unsecured borrowing such as a personal loan or credit card. Where unsecured loans usually allow you to borrow up to around £10,000 with a maximum repayment period of between 7 to 10 years, secured loans can be available for larger amounts, subject to the value of your property and can be repaid over a greater time period, usually from 3 to 30 years. Please get in touch and we will be happy to take a look at your requirements. |
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