Are you a homeowner with equity in your property? If you’re looking for great rates on low equity secured loans, Willows Finance Ltd can help. With an established network of local and national lenders, many of which are low equity loan specialists, we know precisely which lender to approach to find the most competitive rates for you.
Loan to value, or LTV, refers to the amount of loan you receive in relation to the value of your property, typically represented by a percentage. As an example, let’s look at 30% loan to value secured loans:
If you have a mortgage of £30,000, which is secured against a house that’s worth £100,000, you have a loan to value of 30% – this means you have £70,000 of equity in your property.
How Willows can help?
We take the time to talk through each and every homeowner’s personal and financial circumstances. By providing a personalised service, we are able to tailor a loan to meet your specific requirements and ensure you receive the most favourable and flexible terms.
A 30% loan to value secured loan can provide the capital you need if you:
- Have multiple store cards, credit cards or personal loans to consolidate;
- Are struggling to keep up with your monthly repayments;
- Want to lower your monthly repayments by spreading your borrowing over a longer term;
- Want to reduce your monthly outgoings to leave you with more disposable income;
- Need to finance a major purchase like home improvements or a new car.
Are you suitable?
With the recent economic slump having such a damaging effect on so many, millions of people across the UK have found it virtually impossible to obtain low equity secured loans. If you have an adverse credit history, mortgage arrears or have been refused loans in the past, we can help.
To find out more about how we can tailor 30% loan to value (LTV) secured loans to suit you, call our experienced team of advisers on 0800 7838 871 or submit an online enquiry form.
We arrange secured loans from a panel of lenders. We offer second charge regulated mortgage contracts for business or personal use. You should be aware that there may be other finance options available to you such as a remortgage, a further advance with your first charge lender, or an unsecured loan. You should seek independent advice before making a decision.
You may also want to speak to your mortgage provider about a re-mortgage. The loans we arrange are secured against your property. This means that, unlike unsecured credit, if you don’t keep up the repayments on the loan your property could be at risk of repossession. And like with most other types of credit, you could be charged arrears fees, which increases the cost of your loan, and your credit rating could be affected.
When consolidating credit to reduce your monthly outgoings, you should be aware that it may take you longer to pay off your debt. Depending on the interest rates and balances of the credit you are consolidating, you may also pay back more over the longer term. You should think carefuly before taking a secured loan against your property. Your home may be repossessed if you do not keep up repayments on the secured loan.