Home Equity Loans
Home Equity Loans
Free up the equity in your home...
Home Equity Loans allow you to free up some of the equity tied up in your house. Home Equity loans can be used for any purpose including:
- Home Improvements
- Debt Consolidation
- Purchasing a new car
- A well deserved holiday
With house valuations increasing considerably over the last 10 years many UK homeowners are unaware of equity loans as a way of raising finance.
Example – If you are a UK homeowner with a house valued at £200,000 and you have an outstanding mortgage of say £50,000 you can use the difference of £150,000 as equity to take out a loan. A Home Equity Loan can be particularly useful if your existing mortgage lender will apply a redemption penalty if you wish to change your current mortgage. If you don't want to pay this penalty a remortgage will not be possible so a home equity loan which is independent of your original mortgage company is an option.
We work with leading independent equity loans brokers who will search the market to find the deal suitable for you based on your requirements. Our broker panel will consider all equity loan enquiries no matter what your credit status.
|
Lender |
Min Loans |
Max Loans |
Typical APR |
Apply |
 |
£5K |
£100K |
8.5% |
|
 |
£10K |
£100K |
9.7% |
|
 |
£7.5K |
£105K |
10.5% |
|
 |
£3K |
£100K |
13.8% |
|
 |
£1.5K |
£20K |
25.0% |
|
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
|
All Home Equity Loans are subject to status and ability to repay. Home Equity Loans are secured on property and are for home owners and mortgage payers only. Please be sure to read the Home Equity Loans agreement fully and carefully before making any agreement.