How long can I borrow it for?
A Daily Express Loans secured homeowner loan can be repaid over any agreed time period from three years to 25 years.

What will the loan cost me?
That will depend upon on the amount you borrow, the interest rate and the length of time you choose for repayment. Please call us for a quotation that will include an indicative repayment cost.

What interest rate might I pay?
All loan applicants are assessed according to personal circumstances, which will affect the rate of interest charged. So we cannot confirm a rate until after this assessment. Typical 12.4% APR variable.

Can I use a secured homeowner loan for anything I want?
Yes, you can use the loaned money for virtually any legal purpose. Many of our customers use it to clear some or all of their existing credit, so end up with just one manageable monthly payment. They often have enough left to pay for a car, a holiday or home improvements.

Are the self-employed eligible?
Certainly. We’d like to see two years’ accounts if possible, but we may still be able to help if these aren’t available.

My mortgage is a large portion of my home’s value, so can I apply?
Yes. Depending on your circumstances, you may be able to borrow up to the current value of your property, minus your outstanding mortgage.

I have previously had financial problems, so can you still help?
We are often able to help people who’ve had difficulty keeping up payments in the past. A poor credit rating, arrears or a county court judgment (CCJ) won’t necessarily exclude you.

Is there any charge for applying for a loan?
We don’t charge any up-front fees when you apply. There are costs associated with a secured homeowner loan application, like arranging a property valuation and processing, but these up-front costs are borne by us so you have nothing to pay initially. There will be a brokerage fee payable only upon completion and this can be added to the loan. If a loan does not proceed for any reason, you pay no charges or fees.

How long does it take to arrange a loan?
Once we have all the information we need from you, an immediate decision in principle is usually possible. Your cheque should then arrive within 14 days. Actual loan and rate available will depend on your circumstances.

Are applications treated in confidence?
Yes, we handle every application in the strictest confidence. We belong to the Finance Industry Standards Association and are Data Protection Act registered, so adhere to strict confidentiality law and guidelines.

Will you contact my employer?
Such contact is not usually required if you provide recent pay slips and/or a P60. Otherwise, only with your consent would we ask your employer for brief confirmation of your position, length in employment and annual salary. We will not reveal any details of your loan application.

May I pay off a loan early?
If you wish. The lender will calculate the remaining balance. There may be an early repayment charge.

What happens if I move?
Loans secured on the property are repayable from the sale proceeds, but we may be able to secure the loan against your new property. Tell us when you’re thinking of moving and we’ll help you find the best option.

Can I request further loans in the future?
Provided that you’ve kept up your regular payments, you could borrow more, even before your original loan has been fully paid off.

Can a student apply?
Most student loans are provided by specialist organisations and we would be unable to help at that stage of your life.