Equifinance homeowner loans

Equifinance helps homeowners use the equity in their property as security for loans of to be repaid over .

The UK's largest range of secured loans

  • Loans from £1,000 to £2,500,000
  • See your quote before you apply
  • Quote won’t affect your credit score
Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.
£
yrs
£
£
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Repayments
Equifinance Adverse Secured Loan
70%
£10,000 to £250,000
3 to 25 years
11% APRC
£554.97
(£59,936.64 overall)
Equifinance Adverse Secured Loan
70%
£10,000 to £250,000
3 to 25 years
11.4% APRC
£561.4
(£60,631.03 overall)
Equifinance Adverse Secured Loan
75%
£10,000 to £150,000
3 to 25 years
11.4% APRC
£554.97
(£59,936.64 overall)
Equifinance Adverse Secured Loan
75%
£10,000 to £150,000
3 to 25 years
11.7% APRC
£561.4
(£60,631.03 overall)
Equifinance Standard Secured Loan
65%
£10,000 to £150,000
3 to 25 years
11.7% APRC
£561.4
(£60,631.03 overall)
Equifinance Adverse Secured Loan
70%
£10,000 to £250,000
3 to 25 years
11.9% APRC
£572.2
(£61,798.02 overall)
Equifinance Standard Secured Loan
75%
£10,000 to £150,000
3 to 25 years
12.2% APRC
£570.03
(£61,563.66 overall)
Equifinance Adverse Secured Loan
65%
£10,000 to £150,000
3 to 25 years
12.3% APRC
£572.2
(£61,798.02 overall)
Equifinance Adverse Secured Loan
75%
£10,000 to £150,000
3 to 25 years
12.3% APRC
£572.2
(£61,798.02 overall)
Equifinance Standard Secured Loan
65%
£10,000 to £150,000
3 to 25 years
12.8% APRC
£582.02
(£62,858.58 overall)
Equifinance Standard Secured Loan
65%
£10,000 to £150,000
3 to 25 years
12.8% APRC
£580.93
(£62,740.26 overall)
Equifinance Standard Secured Loan
65%
£10,000 to £150,000
3 to 25 years
13.2% APRC
£588.62
(£63,570.96 overall)
Equifinance Adverse Secured Loan
75%
£10,000 to £100,000
3 to 25 years
13.2% APRC
£579.83
(£62,622.06 overall)
Equifinance Standard Secured Loan
65%
£10,000 to £150,000
3 to 25 years
13.2% APRC
£588.62
(£63,570.96 overall)
Equifinance Standard Secured Loan
75%
£10,000 to £100,000
3 to 25 years
13.4% APRC
£584.22
(£63,095.57 overall)
Equifinance Adverse Secured Loan
65%
£10,000 to £150,000
3 to 25 years
13.4% APRC
£593.04
(£64,048.27 overall)
Equifinance Standard Secured Loan
75%
£10,000 to £100,000
3 to 25 years
13.4% APRC
£583.12
(£62,977.01 overall)
Equifinance Standard Secured Loan
75%
£10,000 to £100,000
3 to 25 years
13.8% APRC
£590.83
(£63,809.38 overall)
Equifinance Standard Secured Loan
75%
£10,000 to £150,000
3 to 25 years
13.8% APRC
£599.7
(£64,767.74 overall)
Equifinance Adverse Secured Loan
80%
£10,000 to £75,000
3 to 25 years
14% APRC
£577.65
(£62,386.03 overall)
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Overall representative example
If you borrowed £46,000 over a 15-year term at 8.40% p.a. (variable), you would make 180 monthly payments of £499.13 and pay £89,843.40 overall, which includes interest of £38,853.40, a broker fee of £3,995 and a lender fee of £995. The overall cost for comparison is 10.7% APRC representative.
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What is Equifinance?

Equifinance is a specialist lender that provides second charge mortgages for homeowners looking to use the equity they have in their home as security against a new loan. It also claims to offer lending products to those who have experienced financial difficulty in the past, or who have an unusual employment situation, such as being self-employed or new to their current job.

How do Equifinance loans work?

Equifinance offers a type of secured loan known as a second charge mortgage, which can be useful when you need funds for debt consolidation, home improvements or a bigger one-off purchase. A second charge mortgage uses the equity you have in your house as a guarantee against a new loan, without forcing you to remortgage or change your existing mortgage.

As a type of secured loan, Equifinance second charge mortgage loans may also offer more competitive interest rates than a regular unsecured loan, as well as longer repayment terms.

However, you should think carefully before applying for this type of loan because it puts your home on the line – if you don’t keep up repayments you may lose your property.

Equifinance secured loans

  • Repay over . Your repayment term will depend on your individual needs and circumstances.
  • Borrow . Equifinance allows you to borrow up to of the value of your home, less the outstanding mortgage.
  • Variable or fixed rates. You can choose to fix your interest rate for a pre-specified period of time to help you budget.
  • Self-employed considered. Equifinance takes into account applications from people working for themselves.

Am I eligible for an Equifinance secured loan?

To apply for an Equifinance homeowner loan you must be living in England, Wales or Scotland. You also need to be over the age of 21 and the loan term must end on or before your 80th birthday.

How do I apply?

Equifinance only accepts applications from authorised brokers. If you want to apply for a loan you can click on a “Get quote” button above. After filling out your contact information and details about your property value and mortgage, an adviser will call you to discuss your application.

Overview of Equifinance homeowner loans

Loan amounts From £10,000 to £250,000
Age From 21 to 80 years
Term From 3 to 25 years
Maximum LTV Up to 90%
Representative APRC Up to 19.9%
Lender fee from £995

Frequently asked questions

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