Customer Enquiries 0161 464 3944 For Coronavirus (Covid19) help and support click here Homeowner Loans 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 £50,000 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! 1 2 3 4 5 6 How much do you want to borrow? £5,000 to £50,000 £10,000 For how long? 1 to 20 years. 36 Months Loan Purpose Choose Business Loan Christmas Debt Consolidation Debt Consolidation & Home Improvements Holiday Home Improvements Other Vehicle Wedding Is this a joint application? Yes No Next 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 1 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 Get your no obligation quote today (does not affect your credit score) 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. Questions you may have... How much can I borrow with Evolution Money? How long will it take me to receive my homeowner loan? How do I apply for a homeowner loan with Evolution Money? Who will deal with my homeowner loan application? What documents do I need to be approved for a homeowner loan? Are there any fees? Why choose Evolution Money for a secured homeowner loan? 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 How Does a Secured Loan Work? All your personal finance FAQs answered. Do Secured Loans Affect My Credit Rating? All your personal finance FAQs answered. What is Secured Lending? All your personal finance FAQs answered. What is an Example of a Secured Loan? All your personal finance FAQs answered. How Much can You Borrow Against Your House? All your personal finance FAQs answered. How Long Does a Secured Loan Take To Process All your personal finance FAQs answered. Are Secured Loans Bad? All your personal finance FAQs answered. Are Secured Loans Easier To Get? All your personal finance FAQs answered. Can I Get a Loan With Bad Credit? All your personal finance FAQs answered. Do Secured Loans Affect Credit? All your personal finance FAQs answered. Is a Secured Loan a Good Option? All your personal finance FAQs answered. How Can I Get Out Of Debt With Bad Credit? All your personal finance FAQs answered. What is a Secured Loan Offer? All your personal finance FAQs answered. Latest News Why ‘kerb appeal’ really matters We’ve investigated what exterior features can make your home more attractive to prospective buyers, and even increase its value. We… Read More Credit Scores Around The UK We explore the regions that have the highest and lowest average credit scores Related news: House prices likely to soar… Read More The top myths about borrowing money The top myths about borrowing money (and how to stop your money concerns) The act of borrowing capital for it… Read More Evolution Money receives Feefo Platinum Trusted Service Award 2020 Evolution Money are delighted to have won the Feefo Platinum Trusted Service award, an independent seal of excellence that recognises… 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. 24.12% APRC Representative Variable Maximum APRC: Maximum APRC for loans greater than £12,514.00 is 58.37%. The maximum APRC is representative of Plan 7 based on a term of 12 months and a loan amount of £12,514. Typical Example: Loan Amount: £12,514.00, Loan Term: 144 Months, Interest Rate: 19.56% PA (variable), Monthly Repayments: £245.77, Total Amount Repayable: £35,391.52. This example includes a Product fee of £1,251.40 (10% of the loan amount) and a Lending fee of £699.00. Read about our Rates and Fees. 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. *Loan must be paid back by 70th birthday FRAUD WARNING - We have been made aware that there have been websites set up using our details to attempt to scam people for money. Evolution Money Limited will never ask for application fees, insurance fees or a fee for not using a guarantor before issuing a loan. If you have come across a website using Evolution Money details that you believe to be suspicious, please contact us. If you believe you have been a victim of fraud, please contact Action Fraud How our customers rate us We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual. Evolution Money 96 out of 100, based on 178 reviews over the past year. 178 user reviews. Read our reviews Members of the The Finance & Leasing Association We are a member of the FLA (Finance and Leasing Association) and subscribe to its lending code. Socialise Feeling social? Check out our social pages! Tweet us on Twitter Like us on Facebook Add us on Google+ Our Address Evolution Money, 9 Portland Street, Manchester, M1 3BE Registered Company Number: 06987852 Contact by Phone General Enquiries: 0161 814 9158 Complaints: 0161 814 9165 Contact by Email General Enquiries: info@evolutionmoney.co.uk Business Referrals: introducers@evolutionmoney.co.uk Complaints: complaints@evolutionmoney.co.uk Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 9 Portland Street, Manchester, M1 3BE. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324. © 2021 Evolution Money | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions | Fair Processing Notice | Sitemap