Bad Credit Secured Loans

Accessing affordable loans when you have bad credit has traditionally been challenging, as most high-street lenders are unwilling to provide financial support for these homeowners. A frustrating situation, but by no means a brick wall.

Across the UK, a growing network of specialist lenders is providing accessible and affordable secured loans for poor credit applicants. Offering a dynamic range of services for clients with poor credit, secured loans are now available for almost any purpose.

Affordable homeowner loans with bad credit

It is not uncommon for consumers to miss or fall behind on their payment obligations. Unfortunately, just a couple of blemishes on your credit report are enough to count you out of the running with major high-street lenders.

But this is also where the UK’s new generation of specialist lenders demonstrate their dynamism. If you own your own home, bad-credit secured loans can be provided using your property as collateral. Even if you’ve been turned down for homeowner loans for bad credit elsewhere, this won’t necessarily affect your eligibility.

For more information or to get started on your application today, contact a member of the team at UK Property Finance.

Uses of homeowner loans for poor credit

The most flexible secured loans for bad credit can be used for almost any purpose. Whether it’s funding essential home improvements or alterations, consolidating debts, buying a new car, or simply covering the costs of a much-needed holiday, our network of specialist UK lenders can help.

A homeowner loan can be particularly useful for consolidating existing debts into one much more manageable monthly payment at a lower rate of interest. If you’re currently juggling multiple credit cards, personal loans, hire-purchase agreements, and so on, call to discuss our secured loans with bad credit today.

How do poor credit homeowner loans work?

A poor-credit homeowner loan is secured against your property for the duration of the loan. The type of property and its value will determine how much you can borrow, with no specific upper limits imposed. Just as long as the value of your property covers the total cost of the loan you need.

Credit checks are always performed and used to assess if the loan is available, and the risk rate charged and proof of income is also required, as this shows how affordable the loan will be. A formal valuation will always be required, and once all the results are received, the chosen lender will determine whether the loan is within their lending policy. Bad credit homeowner loans can be the ideal choice for anyone looking to raise funds with an imperfect credit score.

Best of all, secured loans are typically faster to organise than other forms of property finance, so if you need your money in a hurry, we’ve got you covered!

For more information or to discuss our bad credit homeowner loans in more detail, contact the team at UK Property Finance today!

We also help subprime applicants who require a bad credit mortgage or a bad credit remortgage get the finance they need at competitive rates.