What Loan Amount You Need?
Calculable Monthly Tenure
We compare loans that can be paid back over terms of between 1 and 25 years. The APR interest rate you'll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%. This is a representative example of what it may cost: a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22.
Owning a home is a joy in itself and it gives you a number of advantages. One of these advantages is you can raise homeowner loans based on the equity you possess in your home during the bad credit times. You can apply for homeowner loans in UK for home improvement, debt consolidation or any other financial glitch in your life.
Being a home owner you can apply for both secured loans and unsecured loans. Being a homeowner when you apply for a personal loan your application is preferred due to possession of your home. Personal loans are unsecured loans and they are thus more expensive than secured loans. But due to ownership of home, you can get better deal than a tenant. As the lender absorbs a larger risk with unsecured personal loan, usually the interest rates on personal loans are considerably high.
On the other hand a home owner loan is a secured loan because you are offering your home and your equity in it as collateral for the loan. This considerably reduces the risk of the lender and hence you can easily get better rate of interest. In case of non repayment, the lender can claim the ownership of the property to cover the losses. Thus it is important to plan the repayments well before signing a homeowner loan.
Often it so happens that you get overwhelmed by debt and the interest that you are paying on the different loans turns quite high. Using a homeowner consolidation loan you can improve your debt situation. Most people have a number of unsecured loans like credit cards and personal loans with high rate of interest. The rate of interest on a homeowner loan is much less because it is a secured loan. This is the reason that it is advisable to consolidate your debt with the help of a homeowner loan.
Debt consolidation loans for homeowners are available at a rate of interest that is much lower than the cumulative interest that you may be paying on all your different loans. At the same time, managing the loan also becomes easier if you have to pay the instalment of one loan instead of several loans every month.
Being a home owner, you can use home equity for a variety of purposes. You can avail financing for small renovation projects such kitchen remodeling, buying bedroom furniture on finance, sofa on finance or for boiler replacement. Installation of new boilers (home heating equipments) could be costly and you may require urgent boiler loans amid the chilling winter breeze. Using small homeowner loans you can avail low interest loans without making a hole in your pocket. Whether you need quick funds for kitchen remodeling or financing other furnishings, there are no credit check hassles and you can avail best homeowner loans without guarantor. We do not charge any upfront fees from borrowers and extend complete loan support online.
At 786 Loans we understand that a person should not be measured by his or her credit score alone. We help bad credit borrowers avail swift and affordable loans up to £35000 as home owners. We are associated with many specialist lenders who understand that people land up with bad credit due to no fault of their own.
The economic scenario today is such that the most meticulously planned finances can go awry. This is the reason that the lenders associated with us have special loan products which are homeowner loans for people with bad credit. The best part is that not only will such a homeowner loan help you overcome your financial difficulty, but will also help you to improve your credit score. This is because homeowner loan is usually a long term loan with tenures ranging from 10 years onwards. If you manage this loan properly and make the payment of instalments on time every month, it will go a long way in improving your credit score.
The best part of dealing with 786 loans is that you need not trudge to the lender’s office or even our physical office in order to apply for the loan or for the approval process. All you have to do is fill out an online form on our website and provide some personal and financial information. This information will be matched with the loan products available with the different lenders associated with us and we will find the exact loan product that suits your requirements. In fact with homeowner loans online, with us, the entire application and approval process is conducted online and there is very little paper work if at all.
786 Loans is a reputable loan brokering company which follows the regulations and guidelines of the FCA to the letter. At the same time, we also form tie-ups with lenders who are ethical and have the same modus operandi as per the regulations and guidelines of the FCA. Apart from loans for homeowners we help you get many different loans which are mentioned on our website like doorstep loans, short term loans and no guarantor loans, you can study them to understand which loan suits you the most.
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 broking 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.