Homeowner Loans

Get a Homeowner Loan from £3,000 to £250,000 over 3 to 25 years..

We specialise in providing fast turnaround loans and take applications from people with all types of credit score.

We are a direct lender, so there are no extra broker fees or hidden charges.

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Homeowner Loans

How much do you
want to borrow?

  • Unlimited over payments
  • Simple application process
  • I am a UK homeowner

Representative Example:

A homeowner loan amount of £25,000 payable over a loan term of 5 years on a fixed rate of 9.50% would require 60 monthly payments of £546.03. The total amount repayable would be £32,761.80, this includes interest and a product fee of £999. The overall cost for comparison is 11.8% APRC representative.

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The UK’s Specialist Homeowner Loans Company

Do you want to consolidate your existing debts, get some additional funds to carry out some home improvements or just borrow some extra money for any other reason, then a homeowner loan could be the perfect answer…

We offer a smooth, professional and friendly service that specialises in providing fast homeowner loans at competitive rates.

We are a direct lender rather than a brokerage, which means that we only provide our own loans and do not charge any additional broker fees. Being a direct lender also means that we can offer you very quick lending decisions as you do not need to wait for all the different lenders to respond with their decisions.

We are here to help you get the loan you need, when you need it.

Our team of experienced, dedicated loan specialists will make sure we provide the homeowner loan you need, without delays and with a fantastic level of service.

We are authorised and regulated by the Financial Conduct Authority and have over 30 years’ experience, so we know exactly what it takes to provide the very best service available…

Fantastic Reviews

We have received many fantastic reviews from both new and existing, long-term customers. If you want to borrow with confidence, simply take a look at our reviews page, or take a look at some of the reviews we have on TrustPilot.

Easy Application Process

You can either call our loans team directly on 0800 980 6273 or you can apply online at any time using our quick and easy online form.

Brilliant Service

We pride ourselves on our service and treat every customer with courtesy and respect. If ever we need to contact you, we will make certain that it is at a time that suits you. We always answer any questions honestly and deal with any issues quickly and fairly.

Customer Reviews

We take great pride in providing you with the very best service possible. Whether you need to borrow extra money for home improvements, to consolidate existing debts or for any other reason, our team of experienced, friendly advisors are here to help you.

We won’t just be there for you during your application, we are here to help you throughout the entire life of your loan. So should you ever need to borrow some additional funds, or face any challenges at all that require our assistance, simply give us a call and we will be there for you.

If you want to borrow with confidence, take a look at our reviews page, or read some of the brilliant reviews we have received on TrustPilot.

What is a Homeowner Loan?

Homeowner loans let you borrow money using a property (usually your house or apartment / flat) as security against your loan.

Lenders can often be more flexible about who they give loans to if you use your home as security. As a result, people with adverse, poor or even bad credit histories are often able to borrow the money they need without the need to pay higher rates of interest that are sometimes associated with unsecured loans.

In order to secure a homeowner loan, you must be a homeowner or mortgage holder and there must be enough equity in the property being used as security to cover the loan. Our loans are also often called secured loans or second charge mortgages. Using your home as security against your loan can be a great way to get the cash you need, when you need it, and paying a lower rate of interest.

What Are Homeowner Loans

Online Homeowner Loans

It couldn’t be simpler to apply for a Homeowner loan online with Central Trust…

Our simple online application form is quick and easy to complete and only needs the initial information needed to start your application. We only need some very basic information to get the ball rolling, so it only takes a moment to complete.

We only require:

  • • The amount you wish to borrow
  • • Your contact details so we can provide your quote or ask you any further questions if required
  • • How much is left to repay on your mortgage, or whether it has already be paid off
  • • A rough idea of the value of your property

If you would like to apply for a homeowner loan online now, simply click here…

Homeowner Loans For Bad Credit

Bad Credit Homeowner Loans

Homeowner loans aren’t just for people with good credit, we can also provide loans for applicants with adverse, poor or even bad credit histories…

If you have found it difficult to secure a loan as the result of an adverse / poor credit or even a bad credit rating, it may still be possible for us to help you.

Because they use your home as security, we can consider applications for home owner loans from people with less favourable credit histories. We may still be able to provide a loan despite historic issues such as CCJ’s, defaults or missed payments. We consider each application for a bad credit homeowner loan on an individual basis, so whatever your credit circumstances, we will try our very best to help you secure the home owners loan you want.

Homeowner Loans Rates

The exact interest rate of a homeowner loan will vary depending on your personal circumstances. The total cost and repayment periods of all loans will vary from company to company and will be based on how much you wish to borrow, your credit history and how much equity is in the property being used as security.

We will always offer you the best homeowner loan rates that we can, but it is important to remember that the interest rate we will be able to offer you may vary.

We will always make sure that you can afford the monthly repayments before we agree your loan. Your home may be repossessed if you fail to repay your loan; however, we will always try to help you to ensure this is the last resort.


Here are some of the things that may affect the interest rate of your loan:

  • • How much equity there is in your property – there must be enough equity to cover the value of the loan secured against it
  • • Your income – it is essential that you can afford your repayments
  • • Existing credit agreements – existing debts will affect the amount you can afford to repay each month
  • • Credit score – this may affect the interest rate of the loan, we may still be able to help if you have bad credit


As with any loan, it’s important to understand that falling behind on your repayments could potentially impact your credit score, and in some extreme cases, could potentially put your home at risk if your loan is secured against it.

We will always try to ensure that your monthly repayments are affordable, however if circumstances change, we are here for you and will work to find a suitable solution.

How Does a Homeowner Loan Work

How Does a Homeowner Loan Work?

A Homeowner loan uses your home as security against the amount of money you borrow (known as providing ‘collateral’).

Using a property as security usually lets you borrow money at a lower interest rate, and to borrow larger amounts of money. Your property must have enough equity to cover the value of your loan – it is important to remember that the property may be at risk if you do not keep up with any repayments secured against it.

Using your property as security may also help you get a loan, even if you don’t have a great credit rating. If you would like to check your credit rating, you can carry out a free, online check here.

Benefits of a Home Owner Loan

The benefits of using your home as security against a loan include:

  • • Interest rates for secured loans can be lower than unsecured loans.
  • • You may be able to get a homeowner loan despite a poor or bad credit score.
  • • You can usually borrow more money than with an unsecured loan.
  • • You could get a longer repayment period than with an unsecured / personal loan (but remember: the longer you take to pay off the loan, the more interest you pay in total).

Even though using a property as security will often help you get a lower interest rate, it’s important to remember that the exact interest rate of your loan will depend on your personal circumstances.

Benefits of a Homeowner Loan

How much could I borrow?

Typically with homeowner loans you can borrow between £3,000 and £250,000. However the amount you can borrow depends on the available equity that’s in your property.

Equity is the portion of your home that you own outright free from any mortgage, including your initial deposit and the money you’ve paid back. To work out how much equity you have in your home, simply subtract the amount you owe on your mortgage form the market value of your home.

What questions could I be asked?

Whilst homeowner loans can give borrowers the funds they need, it is important to note that mortgage offers are dependent on various factors. Every lender has different criteria that they use to work out your affordability as well as how much you could borrow.

As part of your homeowner loan application, lenders will complete an affordability check to assess your ability to repay the loan. It’s likely that they will ask you to provide evidence of your income and expenses including essential and non-essential out-goings.

You may even be asked about future plans, as this can sometimes impact your finances and ability to pay your mortgage repayments.

At Central Trust you can borrow as little as £3,000, up to a maximum of £250,000, with repayment terms from 3 to 25 years. It’s easy to apply, simply fill out our application form, or call the number at the top of this page to speak to a qualified mortgage advisor.

How much does a homeowner loan cost?

The cost of a homeowner loan depends on several factors, such as:

  • • The amount of money you borrow – the money you borrow you will have to repay over your mortgage term. As mentioned before, how much you are able to borrow is dependent on the equity in your property and your personal circumstances.
  • • The length of your loan term – typically for a homeowner loan you can borrow over a period of 3-25 years, however this is dependent on your personal and financial circumstances. It’s important to note that if you borrow over a longer period, the overall cost of credit will increase as you will be paying interest for longer.
  • • Interest rate – Lenders charge borrowers interest on the money you borrow, so you will repay the amount you’ve borrowed plus the interest. The rate of interest you’ll be charged varies according to the term and size of your loan.
  • • Loan fees – usually when taking out a homeowner loan, there are arrangement fess that are charged by the lender for setting up and agreeing to the loan. If you were to apply for a homeowner loan via a broker, you may have to pay an additional broker fee.

Who are homeowner loans suitable for?

As you’d expect, you can’t get a homeowner loan without owning a property. If you rent your home you would need to look at applying for an unsecured loan that doesn’t require an asset to secure the money to.

Typically, this type of loan is used by homeowners who want to borrow a larger sum of money. This is because the money you borrow is secured to your property, unlike an unsecured loan.

Finding the right homeowner loan for you

Before agreeing to a homeowner loan, it’s important to find the right loan that meets your specific borrowing requirements. So, there are some things you should consider:

  • • How much you can borrow – it’s worth calculating how much you could realistically afford to repay each month, taking the interest rate and your monthly expenses into consideration. If you’re unsure how much you could borrow, our team of mortgage advisors would be happy help, simply call the number at the top of this page.
  • • Your financial situation - this may change over the term of your loan. Therefore, it’s important to think about any future expenses such as starting a family, which could have an impact on your ability to repay the loan. Lenders will however, take this into consideration when carrying out affordability checks.
  • • Loan to value ratio – before enquiring about a homeowner loan you should find out how much equity you have in your property. If you don’t have much equity, the amount that you could borrow will be limited, and you may not be eligible for this type of loan.
  • • Credit search – as part of your application, a credit search will almost certainly be carried out. At Central Trust, we complete a soft search initially, and only carry out a hard credit search when you go through the application process.

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