No Equity Loan.
If you are home owner but have little or no equity
in your home, it can often be difficult to obtain the loan that
you want.
If you have no equity, a UK Personal Loan could let you borrow up
to 125% of your property value. At UK Personal Loans, we'll search
from our carefully selected panel of lenders to provide you with
some of the most competitive rates of interest available.
Giving you more borrowing power.
While we will allow you to borrow up to 125% of the property value,
with a typical bank loan you are not usually able to borrow more
than 95% of the value of your property. This means that a UK Personal
Loan can give you considerably more borrowing power, as demonstrated
in the example below.
|
UK Personal Loan |
Typical Bank Loan |
|
|
| Your Property Value |
£100,000 |
£100,000 |
| Maximum Borrowing |
125% |
95% |
| Maximum Borrowing Limit |
£125,000 |
£95,000 |
| Less: existing mortgage |
£80,000 |
£80,000 |
| Maximum Loan Available |
£45,000 |
£15,000 |
| Your Extra Borrowing Power |
7.7% |
£257.28 |
|
There are
many reasons why you may want to take out a UK Personal Loan.
If you have negative equity, for example, you are probably not
looking to move home but could enjoy the benefits of some home
improvements like a new kitchen or bathroom or even a loft conversion.
Or it may be that you are looking to consolidate all your debts
into one straightforward affordable loan.
To apply simply apply online.
