Home Equity
Loans - UK
Find Today's Best
Home Equity Loans. Compare Home Equity
Loans to find the Right Home Equity Loan for
you.
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Fone a Loan works with a range of lenders to
ensure 99% of all applications are
successful, whatever your circumstances. Jargon free application
process ensures enquiries are dealt with
quickly and efficiently.
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Homeowners Only
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Loans between
£3000-£1,000,000
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Borrow over 3 to
25 years
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Up to 125% of
property value
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Self employed
welcome
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No upfront costs
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Bridging Loans
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Discount Rates &
Payment Holidays
Available
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Mortgage
arrears, CCJ's &
Defaults
accepted
Click
Here For Quote |
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Only Finance offer very
fast, low rate secured loans. Borrow
between £5,000 - £250,000. Easy online
application. Instant Quotes. £5,000 - £250,000 Loans available FAST!
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A home equity loan
is a loan that uses your home as collateral. Your
home equity is the part of your home that you
actually own and this is the guarantee for your
loan.
Your home equity is calculated by
taking the current value of your home and
subtracting your mortgage.
A home equity loan, often
called a second mortgage, reduces your equity or
ownership in your home. Since your home guarantees
your loan, if you default on the payments, you can
lose your home.
THINK CAREFULLY BEFORE SECURING
OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A
MORTGAGE OR ANY OTHER DEBT SECURED ON IT
There are a number of companies who offer
competitive Home Equity Loans. Remember to
compare Home Equity Loans, as this is a highly
competitive market, and it is well worth shopping
around. Use one of our free
Loan Calculators to
help compare Home Equity Loans.
With a Home Equity Loan you might
end up exchanging low-interest or no-interest debts,
such as medical or utility bills, for a
high-interest home equity loan. Or, you may pay off
a fixed-interest debt with a variable-interest-rate
home-equity loan and find that you lose a lot when
the interest rate increases substantially.
Furthermore, even buying a car with a home-equity
loan might not be a wise move considering the
interest you will pay if you pay over an extended
loan term.
Even more serious is the risk that
the lending institution has the right to take
possession of the house if you cannot meet your loan
payments. Although foreclosure is not a profitable
move for banks, the risk is still there.
It is important to consider that a
home-equity loan opportunity may sound very good and
may be the right solution for some, but for others
it is not a wise decision. Always seek
professional financial advice before taking out any
financial package.
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