HOME MOVERS

A “Secured Home Loan” – As the name refers, a secured home loan is secured on borrowers’ home. Here, borrowers’ home act as a security against the loan. With a secured home loan, a borrower can borrow the amount, ranging from £5000-£75000. The repayment period of this loan varies from lenders to lenders. But, normally lenders provide this loan for 5-25 years.

A secured home loan is secured on borrowers’ home. Therefore, lenders do not hesitate to offer borrowers a higher amount at a lower interest rate. As a secured home loan, a borrower can borrow 125% of the value of his home. Moreover, the repayment period of this loan is also longer.