Home Loan mortgage options
Looking for a home loan? Complete the form on this page for fast, free, no-obligation advice regarding the best home loan options available for your requirements from UK lenders.
In the UK a home loan usually refers to one of two things: either a mortgage; or a secured loan. If you are seeking a secured loan, please visit our Totally Money Loans section.
A home loan is a common term for a mortgage. A mortgage is simply a loan that is used to fund the purchase of property, that is secured against the property itself. Home loans consist of the capital borrowed and the interest charged on the capital. Home loans are available in various different forms; the most common types being repayment home loans and interest-only home loans. In the case of a repayment home loan, monthly repayments are made that repay both in the interest and the capital until the entire amount is repaid in full. In the case of an interest-only home loan, only the interest is repaid in monthly instalments, and simultaneous payments are made into an investment vehicle that matures in order to repay the capital at the end of the home loan term.