Releasing Equity

If you are looking for some funds for any purpose and you have equity in your property, then you might want to consider a secured loan to release the equity tied up in your home, or other property such as a buy-to-let. This can be used to finance your plans or projects with terms to suit your budget. My Sort of Loan can source loans from £10,000 and above.

To calculate your equity, you can get a good idea of how much you owe from your most recent mortgage statement and checking local house prices online or through your local estate agents. The difference between these two figures is the equity you have built up in your property which can then be used as security for the loan.

If you think this would be of benefit to you and would like to discuss this further, please contact one of our specialised advisers on freephone 0800 0159 108 or 0300 0536001 (mobile friendly). Alternatively, please complete our short online form and we will contact you at your convenience.


Releasing Equity With A Secured Loan Or Equity Release

If you think that an equity release loan could be just what you need then My Sort of Loan could help. We have many years of experience arranging secured loans and have come across many scenarios. We will provide you with a free loan quotation which takes into consideration your preferences and circumstances with no obligation to enter into the agreement.

Another way of unlocking the equity in your property is to use an equity release mortgage. The benefits of this type of lending is:

  • Available to borrowers over the age of 55

  • Interest can be paid in full, or voluntary ad-hoc, or not at all

  • Existing credit history can be ignored

  • Income and expenditure are not considered on most plans

  • Loans for any purpose

Our experience has shown that it’s not only people who are retired or looking to retire who may be interested in releasing the equity from their property. Some of the reasons for taking an equity release could be to help their children get on the property ladder, or maybe to do home improvements or consolidate existing debts.

If you have a young family your time together with them is precious, they grow up so fast so it is important to make memories which you will never forget. Releasing equity from your home could allow you to take your family on a trip of a lifetime, maybe splash out on a holiday home or a motorhome for a lifetime of experiences. You might need a new family car to allow for your growing family or perhaps you need to add a nursery or conservatory to your home. My Sort of Loan could help you utilise the equity from your home for any purpose.


Releasing Equity Secured Lending Panel

My Sort of Loan pride ourselves on being able to provide professional, experienced and impartial financial advice on all aspects of secured lending. We have a varied panel of lenders which represent a comprehensive range of second mortgages and equity release plans from across the market.

Loans that are secured on your property are often more flexible than some other forms of lending, with lower rates and longer terms than most unsecured lending. At My Sort of Loan, we can take the time to discuss the full range of options available to you with our qualified secured lending advisers. Some purposes for secured homeowner loans are:

  • If you need to make home repairs or alterations,

  • or perhaps you want to help your family out financially with University fees or a new family vehicle,

  • have run up large debts and wish to consolidate them,

  • simply want to go on a holiday of a lifetime with loved ones.

If this sounds like something you think you could benefit from, and want to discuss further, then maybe it’s time to talk to My Sort of Loan about releasing equity from your home.


Homeowner Equity Loans For Adverse Credit

Because we have a wide range of lenders and plans available, we can help clients who have had difficulty arranging finance in the past. If you have an adverse credit profile, been refused credit in the past, or have missed payments on your existing debts, then My Sort of Loan can still help you arrange the finance you need. If you have equity in your home or a buy-to-let property, then My Sort of Loan could not only help raise the funds you require, but also repair your credit and repay your debts (subject to the lender’s criteria and affordability calculations).


Releasing Your Equity For Secured Loan Purposes

My Sort of Loan specialise in trying to help you borrow money by releasing equity from your home for almost any purpose, if you are looking to make home improvements or add an extension to your property, take a vacation, buy a new vehicle or consolidate existing debts, whatever your needs or requirements My Sort of Loan will look at your scenario and help you go through the loan process and borrow responsibly. All quotes are free and you will be under no obligation to proceed with any offer for finance our lenders give to you.