Loan structure
Homeowner Loan
A homeowner loan is another name for a secured loan or second charge mortgage. The product is identical — only the marketing label differs.
Homeowner loan is a consumer-friendly name historically used by lenders to differentiate the product from an ordinary mortgage. The branding emphasises the borrower (a homeowner) rather than the legal mechanism (a charge against property).
Since the 2016 regulatory reclassification, all loans secured against UK residential property are mortgages by FCA definition. So 'homeowner loan' is technically a marketing term — the regulated product is a second charge mortgage.
If you see a lender or broker offering 'homeowner loans' alongside 'secured loans' or 'second charge mortgages', they're usually the same product with different marketing badges. Compare on rate, fees, and APRC — not on the name.