Adverse Credit Homeowner Loans

Compare Adverse Credit Homeowner Loans

Featured Loan Deal - Adverse Credit History
ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £20,000All Credit Histories Considered49.7%

APR
Representative

1 to 4 YearsGet Quotes >
Rebuild Your Credit. Interest rates start from 9.3% APR. Instant Online Decision using 'soft' credit searches. Representative Example: If you borrow £3,000 over 3 years at a rate of 41.0% per annum (fixed) you will repay £146.09 per month & £5,259.11 in total.
£1,000 to £20,000All Credit Histories Considered99.90%

APR
Representative

1 to 2 YearsGet Quotes >
Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application. Fixed monthly repayments. Instant Online Decision. Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.
Adverse Credit History Loans - Up to £20,000
LenderMin - Max LoanCredit HistoryRepresentative APRTermApply
£1,000 - £20,000Poor Credit48.50%1 to 5 YearsGet Quotes >
  • Interest Rates from 19% - 99% 
  • Rebuild Your Credit
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 48.50% - Based on an assumed loan amount of £3,000 over 12 months at an interest rate of 48.50% p.a. (fixed) you would pay £670.83 a month and £3,670.83 in total.

£1,000 - £10,000Bad Credit Considered79.40%1 to 5 YearsGet Quotes >
  • Fixed Interest Loan Rate
  • No set up charges
  • Instant Online Decision
  • Must be aged 18 to 65
  • Early redemption charges
  • Must have monthly income of over £700
  • Must be UK resident

Representative Example: APR is 79.4% (variable) so if you borrow £3,000 over 2 years at a rate of 59.9% p.a. (variable) you will repay £217.24 per month & total amount payable £5,213.68.

£1,000 - £3,000 (Tenant Guarantor Loan)Good to Poor69.9%1 to 3 YearsGet Quotes >
  • Same day decision
  • No set up fees or charges
  • Any bad credit considered
  • Need a Tenant to act as guarantor
  • Must be aged between 18 and 65

£2,000 over 3 years, representative 69.9% APR fixed. Monthly payment £113.47. Annual interest rate 45.84% fixed. Interest payable £1,884.92. Broker fee payable £200.00. Total repayable £4,084.92.


UK Credit is a specialist no fee guarantor loan provider. All bad credit considered. Please only apply if you have a TENANT AS YOUR GUARANTOR. This type of loan is good for consolidating more expensive credit.

£1,000 - £5,000Poor Credit99.9%1 to 2 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application  
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

Adverse Credit Homeowner Loans

Adverse credit homeowner loans – for people who have a poor credit background but own their own home – are more expensive than if you had a perfect credit score, but can offer better rates than adverse credit tenant loans, which offer no surety to the lender and are therefore seen as a higher risk.

Adverse credit homeowner loans can be:

  • For any purpose
  • For people who cannot get other credit
  • For higher amounts than tenant/unsecured loans

While adverse credit loans are more expensive than loans for people with good credit, the huge number of people requiring adverse credit homeowner loans has meant that a growing number of companies offer more competitive adverse credit homeowner loans, and there are some companies which specialise in them.

Downsides to adverse credit homeowner loans:

Although unsecured loans generally have higher interest rates, you do not have to risk your home in order to get credit, so they tend to be a popular way of borrowing. But, if you have a very poor credit history, you may find that a homeowner loan is your only option, as lenders see you as a high risk borrower, so need some sort of guarantee - your home. Disadvantages of adverse credit homeowner loans include:

  • Your home is at risk if you default on payments
  • Higher interest rates than good credit loans
  • Rates are often variable which could make the loan more expensive than you first thought
  • You could cause further damage to your credit if you default
  • Early repayment of the loan can incur fees

There are also benefits to adverse credit homeowner loans:

Although the risk is high - if you default you could lose your home - there are some advantages to securing a loan against your home:

  • Lenders are willing to lend you more than they would for an unsecured loan
  • Rates are generally lower and repayment periods are generally longer, making the loan more manageable.

And, adverse credit homeowner loans actually help a lot of people to repair their credit histories; once you have proven that you have learned to manage your money better and can keep up with the loan repayments, you will start rebuilding your credit score and in the future you will be able to apply for loans offering more attractive interest rates. Taking out a loan is a big responsibility and can have significant consequences if you miss payments and go into arrears.

If you are thinking about taking out an adverse credit homeowner loan you should first consider the following:

  • Can you get a secured loan instead?
  • Can you afford to repay it?
  • Do you really need it?
  • How much do you really need to borrow?

Find the best offers on adverse credit homeowner loans - compare bad credit loans with our free online service – simply click on the link below and fill in the quick form to see quotes from leading providers.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.