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  • It’s QUICK and simple
  • Smart Search gives you confidence before applying
  • Find a loan you’re likely to be accepted for

Representative Example
If you borrow £25,000 over 10 years at an annual interest rate of 8.8% APR (variable) you would make 120 payments of £357.57 per month. The total amount repayable will be £42,908 (This includes an average Lender fee of £495 & Broker fee of £2,975). The overall cost for comparison is 12.6% APR Representative.

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What is Smart Search?

  • Smart Search gives you confidence before applying by finding a loan you're likely to be ACCEPTED for
  • It's QUICK and simple and you'll see REAL LOAN RATES based on your personal details
  • Smart Search is NOT an application and will NOT affect your credit score
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Why choose Ocean?

We specialise in finding loans that are a perfect fit for you. Whatever your circumstances, we can tailor a loan to suit your specific needs.

  • We’ve over 20 years’ experience
  • We’ve helped over 250,000 people
  • No obligation quotes, no upfront fees
  • No matter what your credit rating we’ll try to find a loan for you

Why choose a Homeowner loan?

Use it for almost anything

Need to make some improvements to your home? Want to consolidate your debts? You can use a homeowner loan from Ocean for almost any purpose.

Borrow more

If you’re looking to borrow a large amount of money, Ocean’s homeowner loans range from £10,000 to £250,000.

Borrow for longer

As homeowner loans are often for a large amount of money, your loan term can be flexible. This means you can pay it back over a long time period, at a rate you can afford.

What is a Homeowner loan?

Also known as secured loans, homeowner loans are secured against your property. This means they’re only available to people who own their own home or hold a mortgage.

If you’ve been rejected for a personal loan (also known as an unsecured loan), and you own your property, a homeowner loan may be easier to get because your home acts as security for the lenders.

How much can I borrow?

Ocean homeowner loans range from £10,000 to £250,000. The amount you can borrow, the term and the interest rate depends on the amount of equity you have in your home. Your personal circumstances will affect these too.

Please remember, if you’re unable to meet your repayments, your home may be at risk. All loans are subject to status

What our customers say

“Staff were lovely at all times. I've been to this company before many many years ago and I think the service has massively improved.” Mrs Julie Felvus

Independent customer feedback

Debt consolidation loans for homeowners

If you’ve multiple debt repayments each month and you’re finding meeting them a struggle, but feel you could get them under control if you had a little help, we offer a number of debt consolidation loans for homeowners.

By consolidating your debts, you could:

  • Replace multiple monthly repayments with one easy-to-manage monthly payment
  • Reduce the amount you pay each month
  • Free up money for other purposes

Apply for a debt consolidation loan with Ocean today and see how much smaller your monthly payments could be. Please bear in mind that by repaying your debts over a longer period of time, you could increase the amount of interest you pay overall.


Secured loan rates start from 5.4% APR. We also offer a range of products with rates up to 34.1% APR, which allows us to help people with a range of credit profiles. We arrange secured loans from a panel of lenders. Ocean is part of Intelligent Lending Limited. We are a broker and we will receive a commission from the lender upon completion. A fee of 12.5% of the net loan amount, capped at £2,975, is payable upon completion. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

of our customers are pleased with our service

Excellent service from start to finish .warren Garner and Kelly were amazing always so efficient and on the ball Thankyou so much.xxx

Common questions

Is a homeowner loan like a personal loan?

In some ways, yes, they’re similar. However, the main difference between the two is that you must be a homeowner to apply for a homeowner loan.

Homeowner loans are usually for a larger amount of money compared to a personal loan – around £10,000 to £250,000. They can also be repaid over a longer time period – from 3 to 30 years.

Plus, lenders can be more flexible with homeowner loans as they’re secured against property. This means they can be available to people from all walks of life, whether employed, self-employed, retired, or in receipt of certain benefits. They may even be available to you if your credit rating isn’t 100%.

How does a homeowner loan work?

Applying for a homeowner loan and paying it back works in much the same way as with any other kind of loan.

Once the loan is agreed and you have your money, you’ll make monthly payments to the lender until it’s been paid off.

You can use our calculator to see what your repayments will look like before you apply to make sure they’re a good fit with your budget.

Is a homeowner loan bad for my credit rating?

No, a homeowner loan isn’t bad for your credit rating.

In fact, it’s often an option for people who struggle to get other types of loan because their credit history is less than perfect. A homeowner loan may be easier to get hold of, since the lender has the added comfort of having property offered as security.

What’s more, keeping up with your repayments could help to improve your credit rating over time.

What can I use a homeowner loan for?

You can use your loan for almost anything you like – whether it’s just for one thing, or for a number of different purposes.

Popular uses for homeowner loans include: home improvements, a new car and debt consolidation (using the loan to repay existing unsecured loans and credit cards to reduce overall monthly outgoings).

Is a homeowner loan the same as a secured loan?

Secured loans are often known as homeowner loans simply because they're only available to homeowners.

You can secure a homeowner loan against your home, or even a different property that you own. We also have loans you can secure against buy-to-let properties.

Since they're secured, you're more likely to be accepted, as lenders are generally prepared to be more flexible.

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Based on Feefo.com reviews - 99% of customers who left an Ocean Finance review recommend us with an average rating of 4.9 out of 5 from 537 reviews left by Ocean Finance customers (as of July, 2016)