New Unsecured Home Owner Loan Product launches today

• Unsecured Homeowner Loans from £15,000 to £50,000

•             Loan can be used for any purpose (excluding debt consolidation)

•             Fixed Interest Rate 14.9%APR - (irrespective of loan amount)

•             Electronic Signature Service available to speed funds transfer 

•             No Early Repayment Charges

•             No Penalty for Overpayments - (reduces the loan term)

•             Fixed Repayment Term at outset of 10 years

Another sign that lenders are cautiously re-entering the unsecured loan market with a niche product aimed at homeowners who want to make improvements to their home and need significant borrowing over an extended period initially to make it feasible.

Many people in the Uk find themselves in a position of having little or no equity in their property so secured borrowing or extending their mortgage is not feasible. We have a range of shorter term unsecured loans, guarantor loans, no credit check loans for prime customers and those with adverse credit or a weak credit profile but nothing for prime customers looking for more than £15,000 unsecured, until now!

Loans of over £15,000 on an unsecured basis have historically been near enough impossible to source. This homeowner loan product therefore has great potential and is another welcome addition to our range of prime loan products for home owner customers.