Homeowner Loans for Bad Credit

Find the best UK homeowner loan deal

If you are looking for a homeowner loan, our service can help you find the most competitive deal in the UK market.

Our service provides:

• Home owner Loans from £3,000 to £2.5m
• Adverse Credit and CCJs loan applications considered
• Loans Up to 30 years
• Leading UK secured lender deals compared

Testimonials:

Everything was carried out fast and efficiently from start to finish making the whole process easy and hastle free.

Terence, North Lanarkshire - 04/10/2017

Excellent from start to finish. Our advisor Helen was always on hand and was very methodical and precise. Helen always kept us up to date on our application...

  Kevin P , Essex - 03/10/2017

Representative example:

Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC

Let us help you find the best homeowner loan deal

If you are looking for a homeowner loan, we can help you find the most competitive deal on the market.

As well as offering homeowner loan lenders for people with good credit histories we also work with secured homeowner loan brokers who search the UK secured loans market to find you the best rate.

• Secured Loans from £40,000 to £2.5m
• Adverse Credit and CCJs loan applications considered
• Loans Up to 30 years
• Leading UK secured lender deals compared

Homeowner loans for bad credit

Finding a buy to let mortgage can be difficult at the best of times, and the process is made no easier if you have a bad credit rating or a CCJ registered against you. If lenders are turning their back on your for personal loans because of your credit rating, you might want to consider taking out a homeowner loan.

A homeowner loan (also known as a secured loan) is secured against the equity in your property; consequently need to own your own home to be eligible for a homeowner loan. As homeowner loans are secured against your property, it’s seen as a less risky investment for lenders, and they typically tend to consider applicants from a wide and severe range of credit.

Requirements for homeowner loans

Whilst lenders of homeowner loans tend to be more flexible in terms of their lending criteria in comparison to personal loan lenders, like any financial product, there are still requirements that they ask of their borrowers before handing out loans.

The specific requirements will vary depending on which lender you use. However, typically lenders tend to ask that their customers are:

• A UK address – Secured loan lenders usually as that borrowers have been a UK resident for at least three years, and are likely to feel more inclined to lend to you if you have a steady address.
• A credit history – Whilst many lenders are willing to offer finance to those with a less than perfect credit history, the amount you can borrow, loan terms and interest rates are likely to vary depending on your credit profile and circumstances.
• A realistic repayment plan – Whilst interest rates may be more favourable for secured loans, you must be confident that you can make the monthly repayments on time.

How to find the best secured homeowner loan?

Homeowner loans are subject to market forces and competition amongst providers, there are multiple providers whose rate changes regularly with low rates of interest being used in order to attract customers. In addition to this, the terms of the loan you are offered are also likely to depend on your personal circumstances, which is why we recommend contacting a mortgage broker.

Many homeowner loan lenders also now only work through independent intermediaries such as ourselves, which it is why it is important to gain assistance from an authorised mortgage broker. We work with the majority of secured loan lenders, which means we can compare leading and exclusive rates to bring you the best deal possible to suit your personal circumstances.