Yes, it is possible to get a homeowner loan with bad credit. This is because the loan will be secured against your home, adding an extra layer of security for the lender.
With a homeowner loan, you can borrow from £5,000 to £500,000+ and spread the cost over 1 to 30 years.
That said, you should think carefully before securing finance against your home. If you are unable to repay your loan, as a last resort your lender could repossess your property to recover their funds.
To apply for a homeowner loan, you’ll need to be a homeowner with equity in your home.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.