With home loans you can borrow from £5,000 to £75,000. Loans secured on property can be repaid over a period of between 5 years and 25 years.

Being a homeowner affords you better status in eyes of lenders. You can even qualify for a home loan when other money lenders have refused, for example because of County Court Judgements, Arrears, Defaults, Self-employed Status.

All home loans are secured on your property. This enables loan secured to be cheap and flexible to suit your needs – as all ideal loans should be! Unlock value tied up in your property with a home loan.

A home loan can be used for any purpose such as; home improvements like a new kitchen or bathroom, luxury holiday, a dream car or repaying credit card or other debts to reduce your monthly outgoings to a more manageable amount.

Home loan rates are variable, depending on status. Monthly repayments will depend on amount borrowed and term.

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Discounted rates are offered by banks and lenders to pull in new customers, although existing customers can sometimes benefit from them too. A discounted rate is a special rate set a certain number of points below standard rate. As a variable rate loan, amount you pay will vary of course as interest rates rise and fall, even though you will always be a certain level below market rate. Some discounted homeowner loans have 'clawback' conditions - if you repay loan early there may be penalties. A 'cashback' loan is exactly how it sounds - on completion of loan process, you get 'cash back' to spend how you like. The rates charged on homeowner loans of this type tend to be least attractive.

A capped loan is a variable rate loan that also promises rate will not ever go above a certain level of 'cap'. These can be good for you if you want to take advantage of any interest rate falls, yet not expose yourself to downside of unexpected interest rate rises, which make them less attractive, at least to staff at www.mortgagedown.com ! Once again, these loans tend to have early redemption penalties or other conditions that compensate lender for generous conditions.

The amount they will lend you will depend on your circumstances, as well as property that will be used to secure loan. Your income tends to be less important, as lender has 'secured' debt against your home, and will assume that you would not take out a loan you couldn't service, as your home would then be at risk. To apply, you will need paperwork such as bank statements, proof of residence, recent bills and tax returns to get your homeowner secured loan.

So what can you spend it on? Generally anything you like. A new car, home improvements, consolidating credit card bills or even a fancy holiday. Only least prudent, of course, would attempt to pay for a 2 week vacation with a 25 year loan!