Homeowner Loans for Bad Credit
If you own your home taking out a homeowner loan is a great way of raising money by releasing equity in your property for almost any reason. By taking out a home owner loan organised by The Money Hub you will get an instant decision and a very competitive interest rate. We are able to organise home owner loans from £1,000 to £500,000 and you could arrange a loan repayment term of between 12 Months to 25 years.
Lots of people take out a homeowner loan for one or many of these reasons:
- Home improvements - New Kitchen / Bathroom / Extension / Loft Conversion / General Improvements.
- Holiday of a lifetime for the whole family.
- Consolidate Debt - Put all your Credit Cards / Store Cards / Unsecured Loans into one monthly payment.
- Business Loan - New company start up or maybe you are looking to expand.
- Car - Want a new reliable vehicle.
Get a quote for a loan by calling us or complete the enquiry form and we will call you to discuss your loan in more detail.
Frequently Asked Questions
I have some bad credit in the form of a CCJ's - Can you still help me with a homeowner loan?
The simple answer is Yes, but this does depend upon when the CCJ's were registered, the reason and the amount. We understand that some people have CCJ's and missed payments on their credit history. In the past we have help secure homeowner loans for people with bad credit. We will work hard to help you find the most suitable homeowner loan for your circumstances.
What is maximum term I can take a homeowner loan over?
The maximum Term for a homeowner loan is 25 years.
What is the maximum amount I can borrow with a homeowner loan?
The maximum loan amount we offer is £500,000.
I have previously been made bankrupt will you still help me with a homeowner loan?
If you have been discharged from bankruptcy then we do have lenders that may still be able to help you.
I have a mortgage can I still take out a homeowner loan?
Yes. If you already have a mortgage you could take out secured loan which will sit as a Second Charge on your property (2nd to the mortgage). If you own your house outright you could take out a mortgage which will sit first charge.
Can I get a homeowner loan if I have a bad credit rating?
Yes. As we have a large panel of loan lenders we are able to help arrange lots of homeowner loans to clients who have had a bad credit rating.
Do you have a homeowner loan calculator?
Unfortunately we do not have a homeowner loan calculator on our website. The reason for this is that as everyones circumstances are different the only way we can provide an accurate quotation is to discuss your application directly with you.
Do you provide homeowner and tenant loans?
Yes - We can help arrange homeowner and tenant loans - please call the office and we will discuss suitable options.
Free Homeowner Loan Quotes
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How we work
Just some of the UK Lenders we compare
SECURED LOAN REPRESENTATIVE EXAMPLE - Assumed borrowing of £30,000 over 240 months, with a 36 month fixed rate followed by a variable rate plus a brokers fee of £1,495 and a lender fee of £495 would result in a monthly repayment of £256.04, the APRC 8.2% for 36 months then a monthly repayment of £247.45 on variable rate, the total amount payable would be £59,817.24. The actual rate available will depend on your circumstances, please ask for a personalised illustration.
By taking out a secured loan you are borrowing money that is secured against your home. If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. Rates as of 16/01/2017.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEYADVICESERVICE.CO.UK.