Improving Your House With Bad Credit

Many of us have been unfortunate enough to incur some bad credit or an adverse credit profile. However this does not mean that you cannot find the loan you need to finance home improvements. As a home owner or resident a loan like this can free you up to do whatever improvements you want on your property. With a UK home improvement loan you may be able to borrow from £5,000 to £150,000 even with bad credit via My Sort Of Loan.

Home improvement loans secured on property can be repaid over a period of between 5 years and 25 years, with lenders who accept people with missed payments, defaults, CCJ`s and other adverse credit markers. Personal loans may also be an option to borrow up to £15,000 spread over 12 to 72 months to match your budget. We have even helped some clients who have been refused by their bank or other loan lenders.


How To Obtain Your Home Improvement Loan

A home improvement loan can be a really useful if you want to: borrow a larger amount; are having problems getting a loan you can afford; or have a bad credit history. You may be able to get a bad credit secured home improvement loan, even when you have been turned down for an unsecured loan. This could enable you to afford that home extension, new kitchen or bathroom, conservatory, landscaped garden, redecoration you want right where you are, in your own home. You may even add value to your property and save all those moving costs too. Please call our UK home loan team directly on free phone 0800 0159 108 or dial 0330 0536001 (mobile friendly). Alternatively complete our home enhancement enquiry form to find out what we can do for you.


What Can I Use My UK Home Improvement Loan For?

Whatever you are thinking of your home improvement loan could help you with:

  • a new kitchen or bathroom

  • an extension or loft conversion

  • a conservatory or orangery

  • landscaping your garden

  • new furniture

You can even use it on non-house expenditure like a new car or repaying credit cards / other debts.


What Would My UK Home Improvement Loan Cost Me?

Loan rates vary depending upon your status. If you have a bad credit rating you may find loan lenders offer you a slightly higher APR. This is sometimes termed `rate for risk`. However bad credit is not the only factor, how old any bad credit items (such as ccj`s, defaults, missed credit or mortgage arrears) can help. Basically the older the better, even a few months can make a big difference to you being accepted for a loan.

Another key area is size, when it comes to adverse credit size matters! The smaller the bad credit item is the better, as some lenders will ignore certain bad credit items. Here at My Sort Of Loan we have 100`s of loan plans available on our lender panel and will work with you to establish the best match to your circumstances. All our loan quotes are free and you will be under no obligation to proceed. Some people who consider themselves to have poor credit often find their loan repayments are lower than they thought or had been offered elsewhere. Your monthly repayments will also depend on the amount borrowed and term, the longer the loan term the cheaper the loan monthly payments, although the total amount repayable is greater due to the interest.


Why Choose A UK Home Improvement Loan From My Sort Of Loan?

  • No obligation confidential quotation

  • Borrow from £5,000 to £150,000

  • Fast, friendly & UK based loan team

  • In principle decision usually within 24 hours

  • Repayment terms between 5 years - 25 years

  • Wide choice of home improvement loan UK lenders

  • Home improvement loans up to 90% of property value

  • Some low cost loans (subject to status) - low interest rates and low monthly repayments

  • Short home improvement loan online initial loan application form


Apply for a home improvement loan even with a bad credit history


Credit Report

These days having a less than perfect credit record or an irregular income should not stop you from taking out a home loan, mortgage or getting access to other borrowings. A large percentage of the UK population have some blemishes on their credit report, showing that it is not a problem confined to the minority.

If you have had credit problems in the past, it can rule out some of the high street lenders. Here at My Sort Of Loan we assess each case individually and arrange loans from many lenders who are not available on the high street. Some of our lenders do consider someone with County Court Judgment (CCJ`s) for non-payment of debts or credit cards, mortgage arrears, or other credit defaults.

CCJ`s are held on a person's credit record for circa six years. CCJ's may sometimes be cleared from your file if they are cleared within one month. It is worth knowing that you could be unaware that you have a CCJ on your credit record, perhaps caused by a bill being unpaid if it was sent to an old address. Bankruptcy order can last for longer and may be kept on a register, however you can ultimately discharge your bankruptcy.

When you apply for credit (with your permission) lenders check your credit record, (and may use credit scoring) with specialist credit agencies that collect information from the courts, lenders and the electoral roll to build a picture of your credit history and conduct.

If you feel you there has been an error made in your credit scoring you can obtain your credit file from the main credit agencies Experian and Equifax for just a few pounds.

If you have then a dispute about an item recorded you can call or write to ask for an investigation and, if proved correct, you can have your record altered. My Sort Of Loan will be happy to discuss your credit report and search for a loan that suits your circumstances.