House Loan

Whoever your mortgage lender is, a House Loan from Relax Finance could help you raise additional finance using the equity currently locked into your property. That is, you 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.

How much can I borrow and how much will it cost?

Using your home as security means that banks are generally happy to lend larger sums at lower interest rates than with unsecured loans. The maximum sum that can be borrowed, expressed as a percentage of the borrower’s property value (the Loan-to-Value ratio), is 125%. You can apply to borrow 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

Repayment terms are from 3 to 30 years. The interest paid on the loan is calculated by considering the personal circumstances of each individual.

Finding the right house loan for you

Relax Finance are specialists in finding secured house loans for UK property owners. As master brokers, Relax Finance have direct access on an extensive selection of UK market lenders to locate the very best house loan for you.

Contact Relax Finance today for a no-obligation quote. Simply click Online Loan Application and find out how easy it is to use your property as security to borrow a much-needed lump sum.

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