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How much can you borrow FAQ

Loans Against Property - How Much Can One Borrow?

Secured Loans > Our Loans > Homeowner Loans > How much can you borrow against your house?

How much can you borrow against your house?

The amount of money you can borrow against your home through a secured homeowner loan depends on your lender. You can usually borrow against the value of your home’s equity.

A secured homeowner loan allows you to borrow a sum of money against your property, usually equity. Equity is the difference between the value of your home and the borrowing you have against it.

These loans are for homeowners or mortgage payers who may want to borrow a larger sum of money than they normally could with a personal loan. Another option could be to re-mortgage your house to provide funds.

  • You could take out a percentage of your home’s value, the amount you may be able to borrow could be up to £100,000
  • Due to the large amount, your repayment term may be longer than standard loans, potentially lasting between five and 20 years
  • As your home acts as the security against the debt, failure to make monthly payments could result in repossession – a process where your home is taken away by a secured loan lender
  • An alternative means of using your home’s value for financing is re-mortgaging – switching from one mortgage to another to free-up funds

For a secured homeowner loan, it’s important that payments are affordable and you find a suitable repayment period.

Homeowner loans are often for large projects, so consider whether this would be a suitable option for the finances you need.

A poor credit rating won’t necessarily prevent you from being approved for a secured loan, but it is best to check a lender’s criteria.

Warning: Late payment can cause you serious money problems. For help, go to moneyhelper.org.uk
Representative 23.06% APRC (Variable).

For a typical loan of £30,000.00 over 120 months with a variable interest rate of 19.56% per annum, your monthly repayments would be £598.34.

Including a Product Fee of £2,400.00 (8% of the loan amount) and a Lending Fee of £807.00, the total amount repayable is £71,800.20.

Annual Interest Rates ranging from 11.88% to 29.38% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.



Think carefully before securing debts against your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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