Home Improvement Loans
For Bad Credit

Credit Report Score

When you buy a property and are approved for a mortgage, your credit and personal finances are usually in good shape, otherwise you would not have been approved for the mortgage.

But time marches on and many things can get in the way of having good credit, however, you still pay your mortgage and own your house.

So if you require to make improvements or repairs to your property, and have weak or bad credit, it can prove difficult to secure the financing you need.

There are a couple of options for people with bad credit to make improvements and repairs to their homes.

Payday Loans

Payday Loans

are short-term loans and are usually paid back within 30 days or the next pay period of the borrower. They carry very high interest rates.

Payday loans are based on having a job and a bank account, so as a bad credit loan, they can help, but for larger borrowing needs, such as home improvements, they do not fit the bill.

The loan amounts are small, the interest rates high, and they need to be repaid quickly.

Couple choosing colours for a anew home

Specific Home Improvement Loans

Many banks and lenders will offer a specific home improvement loan based on the repair or improvement you wish to have done. The terms for these loans can vary as well as the interest rates. The loans can also be secured against your property.

If for any reason you cannot pay the monthly payments, as the loan is secured against the property, the lender could force a repossession.

This is unlikely as the lender is a junior lien holder to your mortgage company, but they do have that right.


Guarantor Loans

Guarantor loans are good for borrowers with bad credit as credit scoring and credit history is not used as a basis to grant the loan. The loan is granted on the basis there is a guarantor on the loan. Should the borrower default, the guarantor is to pay the loan.

A Buddy Home Improvement Loan can be just the thing for someone with bad or poor credit looking to make improvements to their property.

Apply online today using our
quick and easy application!

  • Bad credit not a problem
  • Quick approval and money in your account usually within 24 hours
  • No property valuation
  • The loan is not secured against your property
  • Affordable terms

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from 0 to 10

Representative Example


36 months

£158.57 p/m

Total Repayable

Interest Rate
41.16% (fixed)

Representative 49.9% APR.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.