Can I Borrow Against My Property?

A secured loan may be a suitable option to borrow money against your property.

Secured lending would usually relate to a mortgage. However, there are other situations where your home acts as security – like a secured homeowner loan.

With a secured homeowner loan, your property acts as security on the loan.

These loans are for homeowners or mortgage payers who may want to borrow more money than would be possible with an unsecured loan. An alternative to a secured loan is re-mortgaging your house to release equity.

• You could potentially borrow from £1,000 up to £100,000 – depending on the lender and your circumstances.
• Your loan term could potentially last for a decade or longer – it depends on factors like the amount you borrow, and the amount you repay each month. Try our calculator to see which terms may be most suitable.
• An alternative to a secured homeowner loan is re-mortgaging your property or a home equity loan.

If you are considering a secured homeowner loan or using your property for finance, check the loan repayments are affordable.

Bear in mind interest rates can rise and fall with the market. So when considering your options for borrowing against your home, check:

• Annual Percentage Rate of Charge (APRC)
• Whether rates are fixed and for how long.
• What the variable rate will be when your fixed rate period ends
• Any associated fees – like product fees or lending fees