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Homeowner Loans

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.
786 Loans 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?

A homeowner loan is an unsecured borrowing a property owner can opt for a period of a year or less. As it is an unsecured debt, no collateral or asset has to be pledged while taking out this loan. The property is taken into consideration but not on papers.

The loan given out must be repaid by the borrower in fixed monthly instalments as agreed by both the parties (the lender and the borrower). This short-term loan can be used for any purpose or as seem fit by the homeowner, who has availed it.

Repayment schedule must be properly planned by the borrower as this is a form of high-cost short-term credit and irregularity in repayment may cause serious damage to your credit score, further impacting your ability to borrow money in the future.

Can I Get a Homeowner Loan If I Have a Bad Credit History?

It is a commonly believed notion that people with a bad credit history will never be accepted for an unsecured loan. However, if you have a bad credit score, you may apply for a Homeowner Loan for Bad Credit at 786 Loans. Not so perfect credit history doesn’t necessarily mean that you cannot avail a short-term loan.

786 Loans has a panel of regulated lenders who provide loans to people with a bad credit rating. There are various ways to gauge a borrower’s creditworthiness and one of them is their credit score. But, lenders do not consider a score to be the only deciding parameter for loan approval. They assess the borrower’s profile and check how efficiently the person has managed their finances. If they feel that the borrower can easily repay the debt, they take the risk and approve the loan.

What Are the Advantages of a Unsecured Homeowner Loan?

Homeowner Loans in the UK can be used for various purposes for a short period. There are many advantages of this credit product, which have been listed below to help borrowers understand and analyse their need for this type of credit.

Boosts Property Value
If the borrower decides to use this loan to renovate and redesign their home, it may boost the overall value of their property. While planning a home improvement, consider the areas that need redevelopment and what potential home buyers may appreciate.

Pay Off Debt
A borrower may use this loan to pay off their existing debts. This can do wonders for your financial situation. Paying off multiple debts provides a sense of relief to the borrowers.

This type of loan doesn’t put your valuable assets at stake as they do not involve any collateral. Hence, your property will be safe when you avail a homeowner loan online.  

Multiple Usage
A homeowner loan doesn’t have any limitations to its usages. A borrower can use it to fix their broken boiler, replace the old battery of their car, change the colour of their house, to convert their garage into an extension, or to pay for any medical emergencies.

Easy to Use
The application process for this loan is quite simple and easy. If you are looking for a loan, you may avail it online within a few minutes.

Minimal Documentation
To apply for an unsecured loan, a borrower doesn’t have to go through a lot of paperwork and documentation. However, the required documentation will be carried out online. This will save a great deal of time and energy.

It offers the borrower flexibility of repayment tenure. The borrowers will have to repay in fixed monthly instalments. Because the repayment schedule is planned, it will not impact the borrower’s monthly budget or impact them adversely.

With advantages come a lot of responsibilities as well. Timely repayment of the loan borrowed is necessarily required, else your credit score can get impacted negatively. Borrow only if you can afford repayment.

How to Apply for a Homeowner Loan Online in the UK?

If you have made your decision to apply for an online homeowner loan, then 786 Loans is safe and convenient as it connects you to a pool of FCA registered lenders across the United Kingdom.

Before you apply for the loan, make sure you have the following listed details:

  • Valid bank account and its details
  • Employment details that will help the lender to know that you have a source of income
  • Personal details such date of birth, contact number, email address, etc.,
  • Residential address and office address

Other factors that you should check prior to applying for a loan:

  • The lender or loan broker you are dealing with must be registered by the FCA. Check them up on the Financial Services Register.
  • Check the eligibility criteria.

To apply for a loan, you have to follow 3 easy and simple steps:

  • Application Form: Complete the application form online with your personal details, employment details, how much amount you want to borrow and for how long.
  • Submit & Wait: Submit the application form online and wait for the lenders to perform a credit check on your profile to assess your loan eligibility. They may also verify your address and all other necessary details that you’ve mentioned in the form.
  • Get the Lender’s Decision: Post the verification of your details, and loan eligibility, the lenders will give their decision.

The whole process takes a few minutes. However, the timeframe also depends upon the lender and it varies from lender to lender.

Get a Soft Quote – With 786 Loans

786 Loans is an FCA authorised loan broker operating in Nottingham, Bristol, London, and all other major cities across the UK. It offers a wide range of other credit products. We provide personal loans with a soft credit check to help borrowers save and build their credit rating.

Once you submit your application form, the lenders will run a soft credit check that doesn’t harm your credit score and will provide you with a soft quote. That will help you form an idea of how much you would pay if you pass the credit check (hard). As per the FCA, performing a hard credit check on a borrower’s profile is mandatory to promote responsible borrowing and lending.

We are a loan broker – that means we will display you credit products offered by various lenders and we do not charge any upfront fees to our borrowers.

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0203 633 1034

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786loans.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.

786loans is a dependable brokering service available from Glasgow to Southampton, covering all the major cities including and not limited to Leeds, Manchester, Liverpool, Sheffield, Nottingham, Birmingham, London and Bristol. Fill a form to find out the closest loans near you.


786 Loans 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.

786 Loans does not charge any fees. If you are contacted by anyone claiming to be from 786 Loans 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.

photo of Organization Organization
786 Loans
71-75 Shelton Street
Covent Garden, London, WC2H 9JQ United Kingdom
0203 633 1034
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