Equifinance homeowner loans

Equifinance helps homeowners use the equity in their property as security for loans of £5,000 to £250,000 to be repaid over 3 to 25 years.

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Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.
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1 - 20 of 136
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Link Repayments
Equifinance Prime
65%
£20,000 to £250,000
3 to 25 years
7.4% APRC
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£487.96
(£52,699.16 overall)
Equifinance Prime
65%
£20,000 to £250,000
3 to 25 years
7.7% APRC
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View details
£493.94
(£53,345.02 overall)
Equifinance Prime
65%
£20,000 to £250,000
3 to 25 years
8.1% APRC
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£499.96
(£53,995.44 overall)
Equifinance Prime
70%
£20,000 to £250,000
3 to 25 years
8.2% APRC
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£502.98
(£54,322.37 overall)
Equifinance Prime
70%
£20,000 to £250,000
3 to 25 years
8.6% APRC
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£509.07
(£54,979.64 overall)
Equifinance Prime
75%
£20,000 to £150,000
3 to 25 years
8.9% APRC
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£510.09
(£55,089.61 overall)
Equifinance Prime
70%
£20,000 to £250,000
3 to 25 years
8.9% APRC
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View details
£515.2
(£55,641.42 overall)
Equifinance Prime
65%
£20,000 to £250,000
3 to 25 years
9.2% APRC
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£520.34
(£56,196.35 overall)
Equifinance Prime
75%
£20,000 to £150,000
3 to 25 years
9.3% APRC
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£516.22
(£55,752.15 overall)
Equifinance Premier
70%
£10,000 to £250,000
3 to 25 years
9.4% APRC
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£524.47
(£56,642.54 overall)
Equifinance Prime
65%
£10,000 to £250,000
3 to 25 years
9.4% APRC
Check eligibility
View details
£524.47
(£56,642.54 overall)
Equifinance Prime
75%
£20,000 to £150,000
3 to 25 years
9.6% APRC
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View details
£522.4
(£56,419.2 overall)
Equifinance Premier
70%
£10,000 to £250,000
3 to 25 years
9.7% APRC
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View details
£530.7
(£57,315.58 overall)
Equifinance Prime
65%
£10,000 to £250,000
3 to 25 years
9.7% APRC
Check eligibility
View details
£530.7
(£57,315.58 overall)
Equifinance Premier
75%
£10,000 to £150,000
3 to 25 years
10.1% APRC
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View details
£530.7
(£57,315.58 overall)
Equifinance Prime
70%
£10,000 to £250,000
3 to 25 years
10.1% APRC
Check eligibility
View details
£536.97
(£57,993.05 overall)
Equifinance Prime
70%
£20,000 to £250,000
3 to 25 years
10.1% APRC
Check eligibility
View details
£536.97
(£57,993.05 overall)
Equifinance Prime
65%
£10,000 to £250,000
3 to 25 years
10.1% APRC
Check eligibility
View details
£536.97
(£57,993.05 overall)
Equifinance Premier
75%
£10,000 to £150,000
3 to 25 years
10.4% APRC
Check eligibility
View details
£536.97
(£57,993.05 overall)
Equifinance Prime
75%
£20,000 to £150,000
3 to 25 years
10.7% APRC
Check eligibility
View details
£543.29
(£58,674.99 overall)
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Overall representative example
If you borrow £43,000 over 16 years at a rate of 10.25% variable, you will pay 192 instalments of £505.18 per month and a total amount payable of £96,994.56. This includes the net loan, interest of £49,404.56, a broker fee of £3,995 and a lender fee of £595. The overall cost for comparison is 12.7% APRC variable.

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 3 to 25 years. Your repayment term will depend on your individual needs and circumstances.
  • Borrow £5,000 to £250,000. Equifinance allows you to borrow up to 95% 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 £5,000 to £250,000
Age From 21 to 80 years
Term From 3 to 25 years
Maximum LTV Up to 95%
Representative APRC Up to 21%
Lender fee from £995

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Written by

Writer

Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio

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