Homeowner loans and secured loans are in many cases the same thing but that is not always true. Some homeowner loans do not necessarily need to be secured on property.

Home owners that may have fallen into slight credit difficulty may still be considered for an unsecured loan on the basis that they own their home. This is because owning a house is considered to be a sign of financial responsibility and because the property could potentially be used for security for further borrowing in the future if needed.

Not many loan products are referred to as ‘unsecured homeowner loans’ but a select few lenders may still require applicants to own their home. This should be very obvious at the start so if there is no mention of it, the loan is probably simply an unsecured personal loan.

Find out more about unsecured homeowner loans from: Central Capital

Apply or find out more about: Secured Homeowner Loans available from creditmarket.co.uk

With creditmarket.co.uk you don’t have to search through dozens of homeowner loans. As licensed credit brokers, we have access to hundreds of different loan plans from many of the top lenders.