™
What no charge over
your home means.
For most directors it is the line that matters most. Credicorp takes no personal guarantee and no charge over your home — the company borrows, and the house you live in stays out of it entirely. This guide explains what a charge is, why there is none here, and exactly what that protects.
Ask a director what worries them about business borrowing and the answer is rarely the interest rate. It is the house. A great deal of SME lending is offered only if the director will put their home behind it — and "no charge over your home" means that simply never happens.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. Every one of its products is lent to the company alone, with no personal guarantee and no security over a director's home. This page explains what that protects, and is honest about what it does not — it is general information, not legal advice; for your own position, take your own.
The borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. This is not a personal loan, a payday loan or sole-trader finance, and when you are ready, applying happens on the lender's own site, credicorp.co.uk.
What a charge over a home actually is
To see what "none" protects, it helps to picture what is being left out.
A charge is a legal claim a lender registers against a specific property — for a home, usually recorded at the Land Registry. It gives the lender a route to that property if a debt is not paid: in the worst case, the asset can be sold and the lender paid from the proceeds. A charge over a director's home is exactly that, applied to the house the director lives in, taken as security for the company's borrowing.
It is a powerful thing to grant. When a director signs a charge over the family home to support a business loan, the separation that incorporating a company was meant to create is set aside for that debt. If the company cannot pay, the lender's claim can reach past the business and into the home — a heavy outcome from what began as a short working-capital need. Credicorp does not work this way.
Why Credicorp takes no charge — and no guarantee
It is a deliberate design choice, not an oversight, and it runs across all three products.
Credicorp lends to the company on the strength of the company's own trading position. Because the company is the only borrower, the lender looks to the business — not to a director's house — for repayment. There is no charge registered against a home, no debenture or security demanded over a director's personal assets, and no personal guarantee asked for either. The two protections sit side by side:
- No charge over your home — your house is never registered as security for the company's borrowing.
- No personal guarantee — no director signs a separate promise to repay the company's debt personally.
- No personal credit check on a director — the assessment is of the company, not a director's own consumer file.
- The company as sole obligor — the agreement is between Credicorp and the company, and nobody else.
What it protects — an illustration
An illustration to show the shape of it, not a real customer and not a quote.
Picture a small trade company, run by a husband-and-wife pair of directors, that takes a short Business Bridging Loan to buy materials for a confirmed contract. The contract then slips: the customer disputes a line, the final payment lands late, and for a few weeks the company is genuinely short. The loan is owed in full and the directors work the problem — but throughout, one thing is simply not in play. Because Credicorp holds no charge over their home and no personal guarantee, the lender's claim is to the company, not the house the family lives in. The pressure stays where it belongs, on the business, and the home is never security against the debt.
What it does — and does not — mean
Worth being clear on both sides, so the phrase is not read as more than it is.
What it means
- Your home is never registered as security for the company's borrowing.
- The lender's recourse is to the company, not to the director's house or personal assets.
- There is no personal guarantee sitting behind the charge-free loan either.
- The director's personal credit file is not checked for this lending.
What it does not mean
- It is not a loan that need not be repaid — the company still owes it in full.
- It does not remove a director's ordinary legal duties to the company and its creditors.
- It does not make the lending available to individuals or sole traders — it is for bodies corporate only.
- It is not legal advice. For your own circumstances, take your own.
It holds across every product
The same protection applies to all three Credicorp products — there is no charge over a home behind any of them. The Business Bridging Loan is a fixed sum repaid over a short term; Credicorp Flex is a revolving facility you draw and redraw; and Credicorp Slice splits a supplier bill into instalments. The full terms for all three sit on the products page, and you can size any of them with the calculators and tools before you ever speak to anyone. To see how the protection fits your trade, the industries guides walk through it sector by sector.
Why the model is built this way
Lending to the company alone, with no charge over a home, is part of a single consistent position: Credicorp lends only to bodies corporate — UK limited companies and LLPs. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a body corporate is not a regulated consumer-credit agreement, so this is business credit rather than consumer credit, and it is not for sole traders or for borrowing in a personal name. The full position is set out on lending and regulation, and the deeper group and legal detail lives at creditcorpgroup.co.uk.
Charge over your home questions
The questions directors ask most. This is general information, not legal advice; for your own situation, the lender's team are at credicorp.co.uk.
What is a charge over a home, in one sentence?
A charge is a legal claim a lender registers against a property — usually at the Land Registry — that lets it look to that property if a debt is not repaid; a charge over a director's home puts the family house behind the company's borrowing.
Does Credicorp ever take a charge over my home?
No. Credicorp takes no charge over a director's home and no other security over personal assets. It lends to the company on the strength of the company's own trading position, and the home stays entirely outside the agreement.
Is "no charge over your home" the same as "no personal guarantee"?
They go together but are not identical. A personal guarantee is a promise to repay personally if the company cannot; a charge over a home is security registered against the property itself. Credicorp gives you both protections — no personal guarantee and no charge over a home — so neither route reaches your house.
If my home is not on the line, what is the lender relying on?
The company. The assessment looks at the business — its bank statements, its track record and business credit information — not a charge on a director's property. The recourse, if a loan is not repaid, runs to the company, not to the director's house.
Does this mean the loan does not have to be repaid?
No. The company still owes the loan in full, and directors keep their ordinary legal duties to the company and its creditors. No charge over a home protects the director's house from being security for the debt; it does not cancel the debt. For your own situation, take your own legal advice.
Where to go next
The closest companion is no personal guarantee — what it means, which covers the promise side of the same coin. To see how the lending is priced and structured, read how business bridging loans work, and to understand how the lender decides a company can afford to repay without leaning on a director, see how affordability is assessed. The whole series sits on the Learn hub.
Ready when you are
Applying, drawing down and managing your account all happen on the lender's site, credicorp.co.uk.