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NO PAYMENTS for the first 5 months on many loans!
You can borrow up to £100,000.
Spread your payments out and make them more affordable. Repayment periods from 3-30 years.
Arrears, CCJ's or bad credit? No problem - All Accepted.
Borrow up to 100% of your home's value.
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Homeowner loans are some of the most popular types of loans in the UK today. And it does not come as a surprise since many people in this country owns a home or a property. Firstplus Loans is one of the most reputable lending companies that offer this kind of loan. In this company, you can be assured that your needs are taken as the topmost priority and that you will be able to find a homeowner package that you will be happy with.

But before anything else, if you are considering this type of loan, the following information from Firstplus Loans can be a useful guide in helping you make an informed decision.

First things first, a homeowner loan is a type of loan that is secured against your property. In short, you will be using your home as the collateral. This means two things: one, the money you can borrow will be based on the equity of your home; two, if you are not able to make repayments, your home can be at risk.

People take out a homeowner loan for a multitude of reasons but the most common ones include home renovation, buying a new property and debt consolidation. With Firstplus Loans, you can borrow from £5,000 up to a maximum of £100,000. But of course, this will depend on the value of your home minus the amount outstanding on your existing mortgage. 

What is great about Firstplus Loans is that it offers flexible loans that will suit your financial situation. You can have a choice from repayment terms between 5 to 25 years depending on which one you will be comfortable with. Take note that the longer the term is, the less you will have to pay for each month. However, you must keep in mind that the total cost is higher with a longer term for there are more interest rates to pay overall.

Other advantages of borrowing from Firstplus Loans are the following:

1. You can borrow a significant amount of money that you can use for almost any purpose that you intend.

2. Firstplus Loans is authorised and regulated by the Financial Services Authority (FSA) and is a member of the Finance and Leasing Association (FLA).

3. This company has been in this industry for more than a decade since it was established in 1997, and has helped countless people in regaining financial stability.

4. This lender offers competitive rates and will not hit you with any hidden costs. It only charges an arrangement fee, which covers costs such as property valuations, surveys, legal costs, administration and overheads, land registration and credit searches.