If you have equity in your home, you could access a secured loan via Willows Finance Ltd. With a wide variety of lenders, we aim to find you a fast, flexible and affordable deal on a secured loan.
The amount of equity you have in your property is the difference between its market value and the outstanding sum left to repay on your mortgage. As a simple example, if your property is valued at £150,000, and you have an outstanding mortgage of £100,000, there is £50,000 of equity in the property.
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.
How can Willows Help?
A 75% loan to value (LTV) secured loan is one which allows you to borrow up to 75% of the value of your home. So, if your home is worth £150,000, you can borrow £112,500. (You need to deduct your existing mortgage from this figure.)
Here at Willows, we aim to provide the affordable money our customers need to clear credit card debts, pay for home improvements, buy a new car or consolidate existing debts into one manageable lump sum.
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 maybe repossessed if you do not keep up repayments on the secured loan.
Are you suitable?
At Willows Finance Ltd, we specialise in finding fast, flexible and affordable secured loans for those who have had problems accessing credit from other sources. If you have an adverse credit history, mortgage arrears or have been refused a secured loan in the past, we could help.
Our experienced advisers take the time to discuss your personal and financial situation and determine the best source of finance to help you proceed. We provide a personalised service and tailor secured loans to meet your specific needs. We then canvass our established network of leading lenders to find you a highly competitive deal.
For more information about secured loans with equity in your home, please call 0800 7838 871 today or submit an online enquiry form to speak to our experienced and friendly advisers.