Terms and Conditions

Loans for Homeowners for debt consolidation.

If you are a homeowner who has various other loans, credit cards and Hire purchase then you may want to consider a loan to consolidate your debts.

Why a homeowner loan for debt consolidation?

High interest rates and monthly payments can often lead to your monthly financial commitments taking up much of your monthly income. One way to reduce your total monthly outgoings is to consolidate you loans into one larger loan. A larger homeowner loan may clear all of your existing debts and can be spread over more flexible periods giving you one manageable monthly repayment and in most circumstances at a lower interest rate.

How do I decide if this is right for me?

Ultimately the decision to take a consolidation loan must be decided by yourself but it is worth considering what is important to your personal circumstances.

Add up the total of all your loans, credit cards and hire purchase.
Also add up the total monthly repayments you make to these debts.

Then compare the monthly repayments on a Homeowner Consolidation loan for the amount of your total debts.

Consider the difference in what you will pay out each month if you took the Homeowner Consolidation Loan and this was your only payment each month compared to the monthly repayments your are currently paying on all of your smaller debts.

If there is a good saving and one that you think would help your month-to-month expenditure then perhaps this is the right option for you.

Are there any drawbacks?

You have to consider carefully what is important to you, as sometimes spreading your debt over a longer period will mean that you will pay interest on your debt for a longer period, which may cost you more, if you run the full term of your consolidation loan.

Also consider that consolidating your other debts to reduce your monthly expenditure can be a good idea if managed well. Will it benefit you to consolidate your debts only to then accumulate further credit cards and loans after the consolidation has completed and again increase your monthly outgoings, although this time you will have a larger total amount of debt?

It sounds a good idea and right for me, what should I do now?

Be positive, Click on “Apply now” below and complete the short application form today. Submit it to us and we will endeavour to find the best loan for a homeowner such as you to consolidate debt with. You have no obligations to proceed if you change your mind so there is no pressure.

What will happen then?

After receiving your application we will contact you to discuss your circumstances and advise of a decision in principle.

To apply click here

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All loans are subject to status, written quotations are available on request. We also offer a range of plans where rates may differ from 7.3% APR variable to 29.9%APR variable according to your circumstances. However most of our clients qualify for a typical APR of 12.9% APR variable

Loans for Homeowners for debt consolidation

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.