Homeowner Loans
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Homeowner Loans from £5,000 to £100,000
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Repayment terms from 3 to 20 years
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Rated 'excellent' by customers on feefo
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Regulated by the Financial Conduct Authority
Are you a homeowner in need of a loan?
Owning your own property comes with lots of responsibilities. But it also gives you opportunities that many renters don’t have. Maybe you’re planning renovations or looking to consolidate debts. Whatever the reason, Evolution Money is here to help.
Our Secured Homeowner Loans could let you borrow between £5,000 and £100,000. You could also stretch the repayments across 3-20 years. And our advisors will work with you to find a term that works around your budget.
Ready to get started with your application? Just hit the button below to check your eligibility.
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Check your eligibility in minutes
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All credit profiles considered
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Advice from a qualified adviser
See if you’re eligible for a Homeowner Loan today
Submit your details with Evolution Money in minutes and find out if a Homeowner Loan is right for you.
FAQs about Homeowner Loans
What are the benefits of a homeowner loan?
Compared to other types of loans, secured homeowner loans have a few perks:
Higher loan amounts
With homeowner loans, you can borrow more. Offering your home as collateral reduces the risk for lenders. This means they’re happy to trust you with a larger loan amount and makes borrowing with bad credit
Apply with bad credit
If you struggle to get accepted for a personal loan and you’re a homeowner, a secured loan could be a great alternative. Thanks to the added security of your home, some lenders consider factors other than just your credit score.
What are the risks of a homeowner loan?
If you make all your repayments on time and in full, the homeowner loan should be risk free. However, you could put your home at risk of repossession if you repeatedly miss payments. Before you get to that stage, it’s essential to raise any issues with your lender.
Can I apply for a homeowner loan if I have bad credit?
Yes, you can apply for homeowner loans with bad credit. As you are using your home for collateral, you are considered less of a risk to lenders, and so you’re more likely to be accepted – even if you’ve had problems dealing with debt in the past.
What can I use a homeowner loan for?
You can use a homeowner loan for virtually any purpose. As you can receive large amounts of money with a secured loan, many people use their loan for big expenses (cars, wedding, holidays, etc.) or to consolidate existing debt. Common ways to use a homeowner loan include:
- Home improvements
- Debt consolidation
- Holidays
- Vehicle purchases and upgrades
Check your eligibility for a Homeowner Loan today
Submit your details and find out if a Homeowner Loan is right for your without affecting your credit score.
Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. 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.
