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Homeowner loans from £10,000 - £100,000

  • Check you’re eligible before you apply
  • Won't affect your credit score
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We have helped people with rates from 4.3% APRC to 26.6% APRC.

Getting a quote won't affect your credit score

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We’ll search 100s of deals from our trusted panel of lenders to find you a homeowner loan you’re likely to be accepted for – all in under a minute. From UK homeowner loans for poor credit borrowers to many other options, to put your mind at ease, we only do a soft search so it won’t affect your credit score.

  • Find homeowner loans you're likely to be accepted for before you apply
  • See real loan rates based on your personal details
  • It won't impact your credit score

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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 Finance homeowner loans range from £10,000 to £100,000. The amount you can borrow with secured homeowner loans, the term and the interest rate depend 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. Use our homeowner loan calculator to work out what the repayments could be.

Why choose a homeowner loan?

You’re more likely to be accepted

If you’ve a good credit history, a homeowner loan should be cheaper compared to other types of loan. If you’ve a bad credit history, UK homeowner loans for poor credit can be easier to obtain. That’s because your property is used as security, giving lenders extra confidence.

Borrow more

Ocean Finance’s UK homeowner loans range from £10,000 to £100,000, making them a good option if you’re looking to borrow a large amount of money.

Borrow for longer

As you’ll be borrowing a large amount of money, your loan term can often be more flexible, letting you pay it back over a longer time period at a rate you can afford.

Debt consolidation loans for homeowners

If you have 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

Use our homeowner loan calculator and apply for a debt consolidation loan with Ocean Finance today to 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.

Find me a loan

Why choose Ocean Finance?

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

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

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 £100,000. They can also be repaid over a longer time period – from 3 to 25 years.

Plus, lenders can be more flexible with homeowner loans as they’re secured against property. So, even if your credit score isn’t 100%, you may still be eligible for one.

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 score?

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

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 score 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.