Secured Loans from Equifinance
Learn about Equifinance’s homeowner loans. Understand their product features and requirements for borrowers.
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Spotlight on Equifinance
Equifinance is a specialist lender that's grown its presence by focusing on secured homeowner loans. They're known for their straightforward application process, helping borrowers unlock property equity for home improvements, consolidating debts, and other financial goals quickly and efficiently.
Key features of Equifinance loans
Equifinance offers a range of secured loans designed to suit various finances. Some of the specifics below come from their online broker partners:
- Loan amounts: Borrow from £5,000 to £150,000, depending on your circumstances and property value.
- Loan-to-value (LTV): Equifinance offers loans with LTV ratios up to 80%, so you can borrow against a large portion of your home's value.
- Repayment terms: Choose flexible repayment periods from 3 to 25 years, helping you manage your monthly payments.
- Interest rates: Competitive fixed and variable rates, tailored to your financial profile, with one broker referencing 8.1%.
- Overpayments: Benefit from flexible overpayment options without charge, so you can reduce your loan term or payments as your circumstances change.
Why choose Equifinance?
Here are some reasons to consider a secured loan with Equifinance:
- Tailored approach: Each application is individually assessed, so the terms align with your financial situation.
- Transparent terms: Expect clear communication and simple terms throughout your borrowing journey.
- Supportive team: Whether you're consolidating debt, making home improvements, or meeting other financial needs, Equifinance could help.
- Accessible funds: Equifinance serves a broad range of customers, including those with complex financial backgrounds.
Summing up
A secured loan from Equifinance could help you make the most of your home's value - whether you're consolidating debt or covering a large expense. They offer flexible solutions backed by real case-by-case assessments. Just keep in mind: because the loan is secured against your home, missed repayments could put your property at risk.
Frequently Asked Questions: Secured Loans
What is a second-charge mortgage?
A second-charge mortgage is a type of secured loan that lets you borrow money using your home as collateral. It sits behind your first mortgage, so your main lender is repaid first if the property is sold.
What is a second-charge mortgage?
A second-charge mortgage is a type of secured loan that lets you borrow money using your home as collateral. It sits behind your first mortgage, so your main lender is repaid first if the property is sold.
What is a second-charge mortgage?
A second-charge mortgage is a type of secured loan that lets you borrow money using your home as collateral. It sits behind your first mortgage, so your main lender is repaid first if the property is sold.
How is the loan decision made?
Equifinance doesn't use automated decision-making. An experienced underwriting team personally reviews each case to work out whether you can afford the loan.
How is the loan decision made?
Equifinance doesn't use automated decision-making. An experienced underwriting team personally reviews each case to work out whether you can afford the loan.
How is the loan decision made?
Equifinance doesn't use automated decision-making. An experienced underwriting team personally reviews each case to work out whether you can afford the loan.
Can self-employed applicants apply?
Yes. Equifinance accepts applications from the self-employed, as long as your supporting documents show your income and ability to repay.
Can self-employed applicants apply?
Yes. Equifinance accepts applications from the self-employed, as long as your supporting documents show your income and ability to repay.
Can self-employed applicants apply?
Yes. Equifinance accepts applications from the self-employed, as long as your supporting documents show your income and ability to repay.
How much can I borrow with Equifinance?
Equifinance secured loans range from £5,000 to £150,000 via one online broker. Exact amounts and terms will depend on your circumstances and the value of your property.
How much can I borrow with Equifinance?
Equifinance secured loans range from £5,000 to £150,000 via one online broker. Exact amounts and terms will depend on your circumstances and the value of your property.
How much can I borrow with Equifinance?
Equifinance secured loans range from £5,000 to £150,000 via one online broker. Exact amounts and terms will depend on your circumstances and the value of your property.
What are the repayment terms?
According to Equifinance's FAQs, repayment periods range from 3 to 25 years. The minimum borrower age is 21 and the loan term must end on or before their 80th birthday.
What are the repayment terms?
According to Equifinance's FAQs, repayment periods range from 3 to 25 years. The minimum borrower age is 21 and the loan term must end on or before their 80th birthday.
What are the repayment terms?
According to Equifinance's FAQs, repayment periods range from 3 to 25 years. The minimum borrower age is 21 and the loan term must end on or before their 80th birthday.
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