'Superb professional advice'
Really helpful team. My first enquiry was dealt with in a professional way and nobody was pushy and gave me the time to consider my options. I have now been able to consolidate and get my outgoings back on track. Mr Reynolds
'Excellent service and highly recommend'
The service was excellent. Great communication throughout’ …’absolutely no pressure and everything was done for you. Trusted customer
'Great consultative approach with the client’s best interests in mind'
Very patient and available people that are always keen to make your life easier and to work with you. Trusted customer
Why others love it!
Mr & Mrs Scott-Ward...
They were paying £976 towards their credit cards, loans, and other credit commitments.
They took out a secured loan with Ocean and consolidated into one affordable monthly payment of £264.
Customer names have been changed to protect their confidentiality.
Average reduction in outgoings of more than £700 per month for customers taking a loan for debt consolidation in the last 12 months
Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.
What's in a name?
Secured loans are also referred to as homeowner loans, debt consolidation loans, second mortgages, second charge mortgages, or home equity loans.
How we can help
Reduce outgoings
Consolidate existing credit commitments into one lower, affordable monthly payment.
Improve your home
Fund home improvements and enjoy your home as well as potentially adding value.
A bit of both?
Use your loan for almost anything you wish; a combination of the above or something different – you choose!
Feel Ocean Confident
Our soft search technology enables you to see loans you are eligible for, without harming your credit score.
Don’t worry if you think your credit history is less than perfect, at Ocean we are passionate in helping everyone achieve financial confidence.
A bit about us
- Over 30 years’ experience in helping homeowners.
- We’re proud to have helped over 1 million people with their finances.
- You can track your loan 24/7 with our Ocean app.
- Our qualified advisers are UK based and on hand to help.
Common questions
It’s a loan that’s secured against your home, so you need to own your own property or hold a mortgage to be eligible.
Secured loans can be used for many different purposes, including debt consolidation and home improvements.
As the loan is secured against your home, it gives lenders an extra level of security. As a result, these loans are usually for larger amounts of money, the rates are usually lower and you can borrow the money for longer, compared to other loans.
Getting a quote won't harm your credit score.
Every lender has their own lending criteria. This means that if you’ve been declined by one lender, it doesn’t always mean you’ll be declined by them all.
You can check your eligibility without affecting your credit score to see the rate you’ll be accepted for before you apply. You can then apply with confidence.
Getting a quote won't harm your credit score.
As the loan is secured against your home, lenders have an extra level of security so they may be more willing to lend to you.
Plus, if you keep up with your monthly repayments, it could help improve your credit rating over time.
Getting a quote won't harm your credit score.
Ocean secured loans range from £10,000 to £500,000 over 3 to 30 years.
The amount that you’re offered will depend on your personal circumstances and your credit rating.
Getting a quote won't harm your credit score.
A secured loan can be cheaper compared to a personal loan.
You can usually borrow larger amounts of money compared to a personal loan, as this is secured against your home.
You can pay the loan back over a longer period compared to a personal loan.
Getting a quote won't harm your credit score.
No, getting a quote won't harm your credit score.
Some important bits!
Secured loans are secured against your property. Before you apply for a secured loan, be aware that your home is used as security. This means your home may be at risk if you fall behind with your secured loan or mortgage repayments. Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.
We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. Fees may be payable depending on your choice of financial product. The rate you're offered and the fees will depend on your circumstances and will be discussed prior to you proceeding with your loan.
Representative Example: If you borrow £19,000 over 7 years, initially on a fixed rate for 5 years at 5.80% and for the remaining 2 years on the Lender's standard variable rate of 8.55%, you would make 60 monthly payments of £317.47 and 24 monthly payments of £326.43. The total amount of credit is £21,875 (this includes a Lender Fee of £595 and a Broker Fee of £2,280). The total repayable would be £26,977 (this includes a Lender Exit Fee of £95). The overall cost for comparison is 11.0% APRC representative. This means 51% or more of customers receive this rate or better.