A homeowner loan is simple and straightforward: it's a loan for people who own their own homes (with a mortgage). A homeowner loan from Picture lets you fund a major purchase, renovate your home, or consolidate existing loans/other credit.

Picture loans are ideal for people who want to borrow anything from £10,000 to £100,000. They can be used as consolidation loans which are especially good if you want to tidy up your finances, or as a home improvement loan - which could improve the value of your property.  Homeowner loans can help you take advantage of better rates of interest (compared with other forms of borrowing)

A Picture loan is a  secured loan – one that's secured against your home. They're popular because they often offer lower rates of interest than unsecured borrowing such as credit cards, store cards, and bank overdrafts. Our typical rate is 8.4%APR variable, compared to common credit card rates of 15.9%APR or more (source: Moneysupermarket).

Take the longer view with Picture

We take a long-term view of your finances, which is why we could lend you more than your home is currently worth. We can lend up to 125% of your home's value (less the outstanding balance on your mortgage). And you can spread out your repayments over any period from 10 to 25 years to create a monthly loan repayment schedule that's right for you.

Choose a secured loan if:

• you want to consolidate a range of unsecured debts
• you're looking for a better rate of interest than credit you're currently getting on your existing credit 
• you want to borrow more – unsecured loans rarely go above £25,000
• you want to spread out your repayments over a longer term to reduce your monthly credit payments 
• you want to move fast – days rather than weeks
• you don’t have enough equity to remortgage
• you have a good mortgage deal which you don’t want to disrupt by remortgaging