Equity Release Loan

Your home is a valuable asset. It can also be a source of finance without having to sell it. A Relax Finance Equity Release Loan enables you to release your home’s equity (the current value of your property minus your remaining mortgage payment) for you to use on whatever you want – home improvements, a dream holiday, a new car or repaying existing debts to consolidate your outgoings into a single, more manageable loan. So, whoever you hold your mortgage with, a Relax Finance Equity Release Loan can help you raise much needed cash from your property without selling your home.

How much can I borrow?

If you are over 18 and a UK homeowner, you can apply for an Equity Release Loan. With your home as security, banks are more inclined to lend larger sums at lower interest rates than with unsecured loans.

The amount borrowed can be anything from £10,000 to £250,000 depending on personal circumstances. These include:

• Joint income
• Property value
• Previous credit-worthiness
• Period of mortgage payments
• Employment history

The specific rate of interest payable will depend on the personal circumstances of each individual borrower. Repayment terms can range from 3 to 30 years, allowing repayments to be spread over a long enough period to stay within your means, but short enough to minimise interest charges

How do I find the best Equity Release Loan?

As master brokers, and specialists in secured loans for UK home owners, Relax Finance are able to access a large section of market lenders to find the very best Equity Release Loan for you. Applying for a Relax Finance Equity Release Loan couldn’t be easier. Simply click Online Loan Application Form and find out how much you can borrow by releasing the equity in your property.

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Calculate your repayments and apply for your secured loan online now at: www.relaxfinance.com