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Mortgage & Equity Release - Call Us 0117 403 4474

Homeowner Loans

3.84% APR (variable)

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

Representative Example:The Representative APRC is 5.9%. Based on an assumed loan amount of £48,000 (including broker fee of £2,505 & product fee of £495) over 240 months at an interest rate of 5% (variable). Monthly repayment £316.78 & total repayable £76,027.20.

Homeowner Loan

3.89% APR (variable)

  • £10,000 Loan over 10 years 
  • Monthly repayments £103.40 per month

Representative Example:The Representative APRC is 5.9%. Based on an assumed loan amount of £48,000 (including broker fee of £2,505 & product fee of £495) over 240 months at an interest rate of 5% (variable). Monthly repayment £316.78 & total repayable £76,027.20.

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.


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.


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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