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Mortgage & Equity Release - Call Us 0117 403 4474

Homeowner Loans

4.19% APR (variable)

  • Borrow from £10,000 to £500,000
  • Loans from 3 to 35 year terms

Representative Example:The Representative APRC is 9.1%. Based on an assumed loan amount of £18,000 (including broker fee of £1,530 & product fee of £495) over 60 months at an interest rate of 4.95% (variable). Monthly repayment £227.38 & total repayable £26,945.40.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
Barclays Mortgage logo 0.92% Fixed 27 months 3.2% APRC 60% £999 £559.89 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest logo 0.92% Fixed 27 months 3.2% APRC 60% £995 £559.89 per month get quotes Call direct0800 068 8567
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 0.92% Fixed 27 months 3.2% APRC 60% £995 £559.89 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
Royal Bank of Scotland logo 0.92% Fixed 27 months 3.2% APRC 60% £995 £559.89 per month get quotes Call direct0800 068 7706
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
HSBC logo 0.94% Fixed 27 months 3.2% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call direct0800 068 8567
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
Royal Bank of Scotland logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call direct0800 068 7706
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
TSB logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call us0117 403 4474
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

HSBC Secured Loans

Compare HSBC secured loans

Whether you are an existing HSBC customer or not, you may be able to take out one of their HomeOwner Loans to unlock more equity secured against your home. These loans are entirely separate to your existing mortgage, making it a relatively simple way to access extra funds when you need them.

This type of borrowing is often called a “second charge mortgage” and will generally allow you to borrow more over longer periods. They may offer better interest rates than unsecured loans, but this can be influenced by a variety of factors.

Loan-to-value ratio

Your borrowing with a secured loan will depend on a loan-to-value (LTV) ratio. This is a means lenders use to compare the total amount of debt you wish to secure against a property versus that property’s market value.

For example, if you want to borrow £25,000 on top of an existing mortgage of £50,000, all secured against a property worth £100,000, this gives you an LTV of £75,000/£100,000 or 75%.

Lenders will tend to offer you a better deal if your LTV stays below 60% and many will not want to go above an LTV of 80%.

Benefits of HSBC secured loans

  • Borrow up to an LTV ratio of 90%
  • Repay over 5-30 years
  • Make fixed monthly repayments

Restrictions on HSBC secured loans

  • You must borrow a minimum of £10,000
  • Failure to stay on top of loan payments could have an adverse effect on your credit rating
  • Your account may be referred to a county court-appointed bailiff to recover the debt if you do not repay your loan to the agreed schedule

Get the best deal on secured loans

To find the best deals on secured loans over £25,000, try our secured loan calculator. It allows you to filter offers from across the market based on your borrowing needs and financial circumstances to find the very best matches for you.

Alternatives to secured loans

For loans under £10,000, or situations where secured borrowing might not be appropriate, there are various other options you can look into.

Overdraft

Extending your overdraft can often be done instantly, giving you immediate access to extra credit. The amount you can borrow is usually relatively small, however.

Credit card

With many credit cards offering as much as 40 months’ interest-free credit, this can be an attractive way to borrow in the short and medium term. It’s important to check the rates after this introductory period, however, as they can often be high.

Personal loans

An unsecured personal loan generally involves borrowing a smaller amount over a shorter period. This can offer a fairly quick and straightforward way to access extra funds.

For an idea of how much you could borrow as an unsecured personal loan, take a look at the Post Office loans calculator which offers a representative example.

Remortgaging

Rather than take out an additional loan, it may be more appealing to take out a whole new mortgage. This can give you enough to pay off your existing mortgage and have money left over for whatever you require. While this can simplify your finances, it could end up being more expensive if your existing mortgage offers better terms than you can secure on your new mortgage.

Bridging loans

For situations where you experience a temporary gap in funds, a bridging loan is ideal. They are most often used when homeowners need to buy a new property while still waiting for their current one to sell. They can be highly convenient, but they tend to come with fairly high interest rates, so can become very expensive if not paid off quickly.

Looking to borrow more than £25k?

Getting the best deal on your loan is increasingly important the more you need to borrow. This is because any difference in your interest rate can have a significant effect on the amount you repay when borrowing larger amounts.

If you need to borrow more than £25,000 for property improvements, Fair Mortgages specialist loan advisors can help you get the best deal. Simply call us on 0117 313 7780 or use our contact form for a quick response.

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