Homeowner Loans
- We compare 100s of loans
- See if you're approved
- Get the best rate from our panel
Compare loans
- We compare 100s of loans
- See if you're approved
- Get the best rate from our panel
We have arranged borrowing with rates from 8.90% to 25.20% APRC which has allowed us to help customers with a range of credit profiles.
The right deal
We compare 100s of loans
Tailored to you
Get a personalised quote
Quick and easy
Get an online quote
How do I check my eligibility?
Simply click 'Compare loans' and complete our short form.
We'll then search our panel of lenders to find you the most suitable loan - and as we only perform a 'soft search', it won't affect your credit score!
- We compare 100s of loans
- Get a loan approval without affecting your credit score
- See a real loan rate based on your eligibility
Representative Example: If you borrow £22,150 over 10 years, initially on a fixed rate for 5 years at 8.645% and for the remaining 5 years on the Lender's standard variable rate of 8.695%, you would make 60 monthly payments of £316.93 and 60 monthly payments of £317.31. The total amount of credit is £25,403 (this includes a Lender Fee of £595 and a Broker Fee of £2,658). The total repayable would be £38,149.40 (this includes a Lender Exit Fee of £95). The overall cost for comparison is 12.70% APRC representative. This means 51% or more of customers receive this rate or better.
Arranged rates from 8.90% to 25.20% APRC. Repayment terms between 3 and 30 years.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
Homeowner loans are secured against your property. We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. Any quote is inclusive of the Broker Fee and all associatedcosts which is calculated as 12% of the net loan amount, capped at a maximum of £4,495. Loans are subject to status, and the rate you are offered may change based on your individual circ*mstances.
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Common questions
What is a homeowner loan?
It’s a loan that’s secured against your home, so you need to own your property or hold a mortgage to be eligible.
Homeowner loans can be used for many different purposes, including home improvements, debt consolidation or to buy a new car.
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.
Please be aware, it may take you longer to repay what you owe, so you may pay more interest overall. Plus, your home could be at risk if you do not keep up with the repayments.
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How does a homeowner loan work?
Once the loan is agreed, the money will be paid into your bank account. You’ll then start making your agreed monthly payment to the lender for the lifetime of the loan.
Getting a quote won't affect your credit score.
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I’ve been declined by lenders in the past – does that mean I’ll be declined by Ocean Finance too?
Not necessarily, no.
Every lender has their own criteria. Just because you've been declined by one, it doesn’t always mean you’ll be declined by them all.
Click the button below to see if you’ll be accepted before you apply. We’ll find you a loan you’re likely to be approved for, without impacting your credit score.
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Can I apply for a homeowner loan if I have bad credit?
Yes you can. In fact, a homeowner loan may be easier to get hold of than other types of loan. As it’s 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 score over time.
Why not find out if you’ll be accepted? Getting a quote won't affect your credit score.
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What are the benefits of a homeowner loan over a personal loan?
- If you’ve got good credit, a homeowner loan may be cheaper compared to a personal loan.
- If you’ve got bad credit, you may be more likely to be accepted for a homeowner loan, because the lender has your home as security.
- You can usually borrow bigger amounts of money compared to a personal loan.
- As you’re borrowing more money, you can usually pay the loan back over a longer period.
Getting a quote won't affect your credit score.
Get a quote
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
