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Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Loan Broker (www.loan-broker.uk) is a credit broker and not a lender

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

What is a Homeowner Loan?

Generally, there are two types of homeowner loans – secured and unsecured. A secured homeowner loan is tied to your property and an unsecured homeowner loan is a type of debt that doesn’t involve any asset or collateral. That means the loan is not secured against your property and hence, homeowners can easily apply for this online. However, the rate of interest of these loans may be high as no collateral or guarantor is involved in the borrowing process.

Lenders offer two types of unsecured homeowner loans – short-term and long-term homeowner loan. Short-term homeowner loan can be taken out for a period of 1 year or less. While a long-term homeowner loan can be taken out for a period of 1-7 years. The borrower has to make fixed monthly repayments. Also, these loans allow a borrower to take out a smaller amount as compared to secured homeowner loans. If you fail to pay your unsecured loan, your property may not be at danger, but your credit rating may be harmed.

How Does an online Homeowner Loan Work?

When you apply for loans for homeowners with Loan Broker, the lenders will assess your credit report to know how good you are at managing your personal finances. They will consider your current creditworthiness before approving the loan.

The loan amount you applied for will be agreed by you and the lender and has to be paid back over a set period – depends on the type of unsecured loan you have opted for.

Also, the monthly repayment amount that you pay back will include interest rates and fees. However, you should always check the Terms & Conditions of the loan that the lender is offering you before signing on the dotted line.

Bad Credit Homeowner Loans UK

At Loan Broker, we feel that poor credit shouldn’t come in your way of borrowing money that may help you to take control of your financial situation. Our lenders offer homeowner loans with bad credit, which will also help you to build your credit score if you repay timely.

Bad credit homeowner loans are specially designed to help borrowers who do not have a stellar credit history and are facing difficulty to avail a personal loan. We deal with lenders who do not consider a bad credit score as the only deciding factor for a loan.

How to Avail a Homeowner Loan Online?

We believe in simplicity and hence, we have designed a simple online application form that needs to be filled out when you are applying for instant homeowner loans. Make sure you provide the correct information which will help our lenders in making a decision regarding your loan application.

3 easy steps will help you avail a loan with us:

1. Tell us about you

Fill in the online application form with personal and professional details such as – date of birth, contact number, email address, current employment status, bank account details, residential address, and the loan amount you need and for how long.

2. Get the decision

Our lenders will verify the information provided by you. And also, they will assess your loan eligibility to evaluate your creditworthiness. They need an assurance that you will be able to repay the money to them, without any fail. The decision made by them will be displayed on the screen within a few minutes.

3. Loan disbursal

If the lender approves your loan application, the loan amount will be disbursed by the lender to your bank account. The time taken for loan disbursal depends on the lender you’ve chosen and your bank.

FAQs on Homeowner Loans

What will happen if I fail to make the repayments?

If you default on a homeowner loan in the UK, your credit score will be severely impaired. A poor credit score may restrict you from borrowing money in the future. Also, if you completely stop making the repayments, a court notice may be issued to you.

What are the uses of a homeowner loan?

You may use this personal loan to consolidate your existing debts. It is always considered easier to manage a single repayment rather than paying multiple debts on multiple days. The usage of this loan depends on you. You may use it to cover any unexpected expenses as well.

How can I find the best deal for a homeowner loan in the UK?

If you want to avail the cheapest homeowner loan in the UK – you need to have an excellent credit score. A good credit score always attracts low rates of interest while a bad credit score will attract a high rate of interest.

What are the advantages of taking out an unsecured homeowner loan?

One of the main advantages of using an unsecured homeowner loan is – there is no risk involved for collateral damage. Moreover, the loan amount can be used for basically any purpose. Also, this short-term personal loan doesn’t take much time for approval, unlike other loans.

How long will it take to get the loan?

Usually, it takes only a few minutes to get approved for a personal loan for homeowner. However, the time depends on the lender. Therefore, go through the Terms & Conditions carefully.

Find Homeowner Loan – With Loan Broker

Loan Broker is an FCA registered credit broker that operates across the major cities of the UK. All the lenders associated with it are also authorised by the financial regulator. The mission is to promote responsible lending and hence, our lenders perform soft credit checks to offer initial quotes. Soft credit checks are safe as they do not leave any footprint on your credit report and doesn’t even harm your credit report.

We do not charge any upfront fees to our consumers. We offer an array of unsecured loans such as – debt consolidation loans, self-employed loans, to help borrowers get back on their financial track. As a credit broker, we help our borrowers to find the right lender by considering their requirements. With Loan Broker by your side, you can choose no obligation loans. We are loan brokers, committed to extending a true hand of help for borrowers seeking hassle-free, and affordable loans despite bad credit rating.

Borrow responsibly and repay timely.

Representative APR Example

The rate you are offered will depend on your individual circumstances.

All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.

Representative APR Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89 of which £1,957.89 is interest. 35 monthly repayments of £126.61 and a final payment of £126.54.

Registered Office

loan-broker.uk is a registered Trading Name of Tiger Lion Financial Limited. Tiger Lion Financial Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 753151. Tiger Lion Financial Limited is registered in England and Wales (Company number 10189367), Registered Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Licenced by the Information Commissioners Office, (registration number ZA185613)

Authorisation can be checked on the Financial Service Register at www.fca.org.uk.

Disclaimer

Loan-broker.uk is a licensed LOAN BROKER and not a lender. The website is registered in the UK and is authorised and regulated by the FINANCIAL CONDUCT AUTHORITY (FCA). WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Loan-broker.uk does not charge any fees. If you are contacted by anyone claiming to be from Loan-broker.uk and requesting you to make a payment, report it to www.actionfraud.police.uk.


All Loan approvals & Quotes are subject to Credit Score and Affordability requirements by lenders. If you meet the lender's criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.

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