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Reduce your outgoings with Ocean

Reduce your outgoings with Ocean

You could unlock better rates, lower repayments and more choice as a homeowner

Ocean Finance Feefo score

Why choose Ocean?

Better rates for homeowners

Compared with unsecured loans

Borrow from £10,000

And repay over 3–30 years

Consolidate your balances

And reduce your expenses by £700 a month*

Are you a homeowner? Better rates could be waiting...

If you’re currently paying off debt, a homeowner loan could put you on the path to clearing some or all it.


If you have a good credit history, homeowner loans are usually cheaper than unsecured loans. So you could consolidate your debt into a single monthly payment and make a big saving.

    Unlock more choice today

    A homeowner loan could help you move closer to your goals. Whether that’s consolidating and paying off debt, making home improvements, or covering a costly repair. It’s up to you!

    • Borrow from £10,000

    • All credit scores welcome

    • Repay over 3–30 years

    How it works

    1. 1

      Fill out Ocean’s easy form

    2. 2

      Check which loans you’re approved for

    3. 3

      Complete the application — you should get your funds in 3 – 4 weeks

    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. Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.

    * According to Ocean, this is based on the average reduction in outgoings on debt consolidation loans on a rolling 12 month basis.

    Representative Example: If you borrow £22,150 over 10 years, initially on a fixed rate for 5 years at 8.645% and for the remaining 5 years on the Lender's standard variable rate of 8.695%, you would make 60 monthly payments of £316.93 and 60 monthly payments of £317.31. The total amount of credit is £25403 (this includes a Lender Fee of £595 and a Broker Fee of £2,658). The total repayable would be £38,149.40 (this includes a Lender Exit Fee of £95). The overall cost for comparison is 12.70% APRC representative.

    Need help?

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

    Tried and trusted

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      Rated 4.8 by customers on Feefo

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      Winner of Trusted Service Award 2023

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      Support from start to finish

    See what you could get with Ocean

    Unlock more choice and cheaper rates with a homeowner loan

    Ocean and Ocean Finance are trading styles of Intelligent lending Ltd. They’ve been helping people get the money they need, for the things they want since 1991. They are a broker – not a lender, representing a wide panel of lenders offering a range of homeowner loans from £10,000 to £500,000. They’ve been awarded the Platinum Feefo Trusted Service Award 3 years running for their commitment to providing a trusted service to all their customers, regardless of their situation.

    To be eligible for a homeowner loan with Ocean, you must be a homeowner. All credit profiles are considered. Loan amounts from £10,000–£500,000. Must be a UK resident. Must be at least 30 years old. Must be employed.

    You could be eligible for a homeowner loan even if you’ve been refused credit in the past. Ocean’s panel of lenders cater for all circumstances, offering products and advice to suit your personal circumstances.

    Ocean’s eligibility checker means you can see if you’re accepted in under five minutes, without affecting your credit score. When you decide to go ahead, Ocean’s advisers will call to discuss your loan. Once approved, the homeowner loan process usually takes between three to four weeks, but this can vary from lender to lender.

    Ocean’s online portal means you can upload the information the lender requires, quickly and easily. Once approved, you could have your loan is as little as three weeks.

    An adviser will discuss your loan amount and repayment period when they call. Ocean offer terms from three to twenty five years, based on your circumstances.

    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 mortgage 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.

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