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Secured Loans > Our Loans > Homeowner Loans

Homeowner Loans

At Evolution Money, we like to say yes! If you’re a homeowner with a mortgage, you could borrow up to £100,000 with a homeowner loan – you can even borrow money with bad credit.

Try out our nifty loan calculator form and see how much you could borrow. It’s simple, straightforward and totally obligation free.

Our simple application process means you could be accepted in no time at all, and the homeowner loan could be deposited within a few days.

Find out today if you qualify for a secured homeowner loan with Evolution Money.

In the meantime, why not read what some of our customers have to say? They were once in your position!


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How much do you want to borrow? £5,000 to £100,000
For how long? 3 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
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Homeowner loans that suit you

Homeowner loans that suit you

When your life changes, we understand that sometimes your finances can hold you back, which is why we offer homeowner loans that work around you.

Our flexible loan options give you the power to spread the cost over 3 to 20 years. And if you don’t have a spotless credit history, you can still apply for our secured loans with bad credit – because we don’t think your past should get in the way of your financial future.

So, whether you’ve got big plans or just want to borrow money with bad credit, our secured homeowner loans could be the answer you’re looking for.

What is a homeowner loan?

Homeowner loans allow you to borrow a lump sum against your property. This means the loan is secured for the lender.

If you're looking to obtain credit, our secured loans can be used for a range of purposes

Carry out home improvements; a great way to invest back into your property
A wedding loan could turn your dreams into a reality
Bigger personal items such as cars can be financed using a secured loan
Take your family on that much needed holiday
Even if you have bad credit we could still help you with a loan

What are the benefits of a homeowner loan?

Compared to other types of loans, secured homeowner loans have a few perks:

Lower interest rates

The interest rates for secured loans may be cheaper than those attached to unsecured loans. This can make a homeowner loan more affordable every month.

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 improvement projects

Building a conservatory or buying a new kitchen doesn’t come cheap. For many people, taking out a secured loan is a way of affording costly home improvements.

Debt consolidation

If you’re juggling lots of different repayments, you could consolidate your debts with a second charge loan. You could repay all your debts with the lump sum and roll them into one repayment plan.

As homeowner loans may come with lower interest rates compared to personal loans, you could save money on a monthly basis. With fewer monthly payments to think about, it could make life simpler too. It is worth noting that doing this may be extending the terms of the debt and increasing the total amount you repay.

Want to know the approximate cost and timescales of your homeowner loan? Take a look at our handy loan calculator to see what your repayments might be through Evolution Money.

Give us a quick call on 0161 814 9158 to talk through your loan needs and get a no-obligation quote from our qualified loan advisors at Evolution Money.

Apply for my Homeowner Loan

Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

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.
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