Skip to main content

Do more with a homeowner loan

Do more with a homeowner loan

Unlock cheaper rates and more choice with Aro — even if you’ve been turned down for credit in the past.

Why choose a homeowner loan?

Lower monthly repayments

Interest rates between 7%–28.1%

More choice

More lenders and higher limits

Quick and easy application

Plus advice from a fully qualified advisor

Cheaper rates, just for homeowners

Choosing a homeowner loan could give you access to cheaper rates and longer terms you wouldn’t get with an unsecured loan. That could help bring your monthly payments down, so you can find the money you need, at a price you can afford.

  • Borrow from £7,500

  • Searching won’t impact your credit score

  • Repay over up to 30 years

How it works

  1. 1

    Tell Aro how much you want to borrow and a bit about yourself

  2. 2

    They’ll quickly check your eligibility with their lenders

  3. 3

    You decide if the loan offer is right for you

  4. 4

    One of their qualified advisers will call you to complete your application

Need to know

A homeowner loan is secured against your property. Make sure you can afford the repayments for the duration of the loan. YOUR HOME MAY BE REPOSSESSED IF YOU DON’T KEEP UP WITH YOUR PAYMENTS. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. You may be able to apply for credit that doesn’t need to be secured against your home. Don’t borrow more than you can afford. It’s a good idea to set up a direct debit so never miss a repayment. Aro is a credit broker, not a lender.

Need help?

If you’re struggling with debt or repayments, find out the next steps to take.

You always come first

  • tick

    Rated 4.8 stars on Trustpilot

  • tick

    Specialised advice from a fully qualified advisor

  • tick

    Support from start to finish

Find a loan that works for you

Enjoy more choice and cheaper rates with Aro

Aro is a trading name of Freedom Finance Limited who are authorised and regulated by the Financial Conduct Authority. Aro is the UK’s go-to embedded finance partner for brands and one of the leading second-charge mortgage brokers. They offer interest rates between 7%–28.1% and terms from 1–30 years.

To be eligible for a homeowner loan with Aro, you must be a homeowner. All credit profiles are considered. Loan amounts from £7,500–£1,000,000. Must be a UK resident. Must be employed.

Aro work with many lenders, so you may find you have options, even if you’ve been rejected in the past. And because the loan is secured against your house, lenders may be more willing to lend to you. Nothing is guaranteed, but Aro will help you understand all your options.

Once you’ve had your advice call and decided to proceed with your loan offer, you’ll be assigned a case manager who will let you know how to complete your application. This usually requires a bit of paperwork, however you can send this securely via the Aro app, Nivo. The whole process usually takes around 10 days if you can return your paperwork in good time.

If you’re approved for a homeowner loan, you should receive your money within ten working days. You could even have it after 48 hours.

Your loan terms will be agreed when you choose a loan and lender. You’ll be told at this point how long you’ll have to repay and how much you’ll need to pay back each month. Aro offer loan terms from 1 year to 30 years.

Mortgage arrears are a ‘priority debt’ and should be paid before other debts like credit cards, as you could lose your home if you fall behind on payments. 

If you’re struggling to pay back the loan you should contact the lender as soon as possible to discuss your options. They may be able to restructure your debt to make it more affordable or give you a short repayment holiday if this sort of temporary measure is likely to help. 

Before changing the secured loan, you should understand how the change may affect you by getting independent financial advice.

We're on a mission to help everyone move their finances forward and gain financial momentum.

TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Registered Office: Chapter House, 16 Brunswick Place, London N1 6DZ. Credit is available, subject to status, only to UK residents aged 18 or over.

We use cookies as described in our Cookie Policy. Continue browsing or click to accept.