Central Trust homeowner loans

What is Central Trust?

Central Trust is part of the Norfolk Capital Group, which has been providing secured loans in the UK since 1988. You could borrow £3,000 to £250,000, secured against your home, to be repaid over 3 to 25 years. Central Trust is regulated by the Financial Conduct Authority.

Key features of Central Trust personal loans

• Spread your loan over 3 to 25 years. The interest rate you pay may differ according to how much you borrow and your loan term.
• Borrow £3,000 to £250,000. The amount you can borrow will be determined by your credit score and affordability.
• Personal service. An advisor will call you to go through your application and you will receive regular updates.
• Product fee. Central Trust will charge a fee of £999 for arranging your loan.
• Fixed monthly repayments. You’ll pay the same amount each month, helping you to budget. This also means that the overall cost of the loan will be clear from the start.
• Online account management. Make payments, apply to borrow more or inform Central Trust about any payment difficulties through your online account 24/7.
• Repay your loan early at any time. You can make as many additional payments as you like without charge.

Am I eligible for a Central Trust homeowner loan?

You should only apply for a Central Trust homeowner loan if you’re certain you can meet the repayment terms. You must be a UK homeowner. Central Trust does not provide loans to tenants. If you jointly own the home you must apply with the other person.

How can I apply?

Fill out the brief online application form, providing details of how much you would like to borrow and how long you will need to pay it back. You will need to give your contact information and details about your property value and mortgage. An advisor will then call you to discuss your application. Central Trust will run a credit and identity check and once approved, the funds should be in your bank account within 2-3 weeks.

Central Trust customer reviews

Central Trust has received positive reviews from customers, according to review platform Trustpilot. It currently has a rating of 4.7 out of 5, based on more than 140 reviews (updated May 2022). Customers cited its professional service, and quick and easy loan process.

Frequently asked questions

• How much can I borrow?

  Central Trust offers loans of £3,000 to £250,000 but the amount you can borrow will depend on factors like your credit score, the equity in your home and your income and outgoings.

• How long does it take?

  Central Trust aims to have the funds in your bank account within 2-3 weeks. The process can be quicker than this; it depends on what is needed and how fast you can send back the required documents.

• How much can I borrow in relation to what my house is worth?

  Central Trust has a maximum 75% “loan to value.” So for example, if your house value is £200,000 and your remaining mortgage is £100,000, it would be able to lend up to £49,000.

• I have bad credit, will I still be accepted for a loan?

  Central Trust will still consider you if you do not have a good credit rating, but it will affect how much you can borrow. It depends what sort of adverse credit you have and how recent it is.

Written by

Chris Lilly

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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Chris has written 601 Finder guides across topics including:

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