Our homeowner loan products are available to qualifying homeowners and owners of Buy-to-Let properties in England, Scotland and Wales with loan amounts available up to £150,000 (loans over £150,000 may be considered on a case by case basis).

A Step One homeowner loan is also known as a secured loan or a second mortgage loan. Step One lends for most purposes and has products to suit most customers. A Step One homeowner loan can potentially offer a lower rate of interest when compared to unsecured personal loan products but we recommend that potential borrowers consider all of their financing options to obtain the best solution for their needs.

Typical Uses

  • Home improvements
  • Car, boat or other large purchase
  • Wedding or other significant life events
  • Debt consolidation
  • Dream holiday
  • Equity release for the purchase of another property
  • Unexpected tax bill
  • Business expansion

Key Features

  • Borrow up to 95% loan to value (LTV). The total LTV includes the amount of your current first mortgage.
  • Competitive loan rates.
  • Loan amounts available from £10,000 up to £150,000 (loans over £150,000 may be considered on a case by case basis).
  • Repayment periods available from 6 years to 30 years.
  • Variable and 5 year fixed rates available across our product range.
  • No up-front application fees. Our lender fee is only charged if you take out a loan with us. Depending on the requested LTV we may need to undertake a property valuation and will advise you of these costs before any work is undertaken.
  • No hidden fees. We will always tell you about all of our fees in a clear and transparent manner.

Our lending criteria

  • Minimum loan size £10,000
  • Maximum loan size £150,000 for residential and £100,000 for buy-to-let
  • Minimum age 21 years
  • No maximum age
  • Minimum income £20,000 for sole applicants and £25,000 for joint applications
  • Minimum 6 months at current address
  • Loans available in England, Wales and Scotland
  • Up to 95% LTV Residential (85% LTV Maximum in Scotland) and 85% LTV on Buy to Let

Frequently Asked Questions

Answers to commonly asked questions about personal loans can be found by clicking here.

APR

Please note that Step One Finance does not charge up-front fees for any loan enquiries or applications. You should be wary of any parties purporting to arrange a Step One Finance loan who are seeking to charge up-front fees. Please contact us if you have any doubts regarding a Step One Finance loan application. Customers can also obtain additional information on the FCA’s website on the dangers of Loan Fee Fraud by clicking here.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT IF YOU ARE EXTENDING THE TERM OF THE DEBT YOU MAY BE INCREASING THE TOTAL AMOUNT YOU NEED TO REPAY.

CTA

Find the perfect loan call us now on 01483 661 100 or Contact us