Finance Hub introduces people looking for equity release to suitable lenders. With a panel much bigger than the one offered by the main comparison engines, Finance Hub can get some excellent rates tailored to your needs.
- Interest Only Lifetime Mortgages No Credit Check for 2025
- RIO Coventry Building Society for 2025
- Home Equity Loan Hinckley And Rugby Building Society in 2025
- Interest Only Lifetime Mortgages M&S Bank in 2025
- West Yorkshire Leeds Bradford
- Equity Loan Sell House for 2025
- Remortgage Bad Credit Kensington Mortgage Company UK
- Pensioner Mortgage Tax-Free And Estate Planning for 2025
- Refinance First Active for 2025
- Home Equity Loan Vernon in 2025
- Harpenden Building Society
- Pensioner Mortgage St James Place Bank for 2025
- Home Equity Loan Newcastle Building Society for 2025
- RIO Penrith Building Society in 2025
- Retirement Mortgage Yorkshire Building Society Bs Ybs in 2025
- Equity Loan Paragon UK
- Equity Loan More To Life UK
- RIO Rooftop Mortgages in 2025
- Interest Only Lifetime Mortgages Ex Local Authority Flats Or Maisonettes in 2025
- Equity Loan No Broker Fee UK
Finance Hub
Bluestone Mortgages
Cambridge Building Society
Chelsea Building Society
Clydesdale Bank
Coutts Finance Co
Spray Foam
Danske Bank
Barclays
Manchester Building Society
Direct Lender
Britannia Co-Operative Bank
Yorkshire Bank
Lloyds Bank
First Direct
Canada Life
Annexe Homes
Tyne-Wear Newcastle
Molo Finance
The Isle Of Wight And Anglesey
Accord Mortgages
Darlington Building Society
Equity Release Over 55
No Advisor Fee
Magellan Homeloans
Allied Irish Bank AIB
Sainsbury’s Bank
What is the downside of equity release?
It is a loan, and loans have interest. The interest is added to the loan principal in the case of equity release.
Ahli United Bank
Aldermore Bank
Bank Of Ireland
Bank Of Ireland Mortgages
Belfast Northern Ireland
Is equity release a good idea?
It can be an excellent idea for some people who need money or need to pay off an existing mortgage.
Sunderland
Teachers Building Society
The Mortgage Works
TSB Bank
Wolverhampton
How does an equity release work?
It’s like a mortgage with no monthly repayments. Some offers have a free valuation.
Platform
Saffron Building Society Mortgages
Scotland
Skipton Building Society
Is there a better alternative to equity release?
A pensioner mortgage could be better for some people who have income.
Monmouthshire Building Society
More Than Two Borrowers
National Counties Building Society Bs
Natwest
Nedbank Private Wealth
Newbury Building Society Mortgages
What is equity release?
It is a loan.
Leeds Building Society
Leek United Society
Market Harborough Building Society
Marsden Bs
Masthaven Bank
Melton Mowbray
How does an equity release mortgage work?
It is a loan with roll-up interest paid back by the home’s sale.
Hanley Economic Building Society
Hanley Mortgages
Intelligent Finance
Ipswich Building Society Mortgages
Itl Mortgages
How does equity release work?
It is a mortgage with no monthly repayments.
Repayment Option
Earl Shilton Building Society
Virgin Money
West Midlands Birmingham
First Trust Bank
What are the different types of lifetime mortgages?
Some lifetime mortgages have monthly repayments and some do not.
Godiva Mortgages Ltd
Handelsbanken
Once upon a time, an elderly couple lived in the United Kingdom; despite having their life savings tucked away in a bank account and the occasional pension cheque each month, they struggled to make ends meet. Their bills kept getting higher while their income stayed the same. After many discussions with a financial advisor, they explored equity release.
The couple had heard of equity release plans before. They were a way of turning some of the value tied up in their home into a lump sum or regular income while still being able to stay in the property. After researching various plans, they eventually chose one that allowed them to access 24.22% of their home’s value—tax-free—and receive an income for life.
With the money released from their property, the couple finally felt secure. They were able to pay off outstanding bills and debts, leaving them with more disposable income each month than ever before. They could now look forward to retirement without worrying about where their next meal would come from or paying for basic household necessities. Equity release gave them newfound peace of mind and enabled them to enjoy the golden years of their lives worry-free.
Some of the lenders that offer equity release include Landmark Mortgages, and Leeds And Holbeck Building Society.
Secured loans in the UK allow individuals to borrow significant amounts of money using an asset, typically a property, as collateral. This type of loan is popular among those looking to fund substantial expenses such as home renovations, debt consolidation, or even starting a business. The landscape of secured loans in the UK is diverse, with various banks, building societies, and direct lenders offering products tailored to different needs and circumstances. Among these, names such as Barclays, Lloyds Bank, HSBC, and Halifax stand out as major players, offering a range of loan options.
Direct lenders in the market, including entities like The Mortgage Lender and Legal & General, provide a straightforward path to securing a loan, often with the appeal of no broker fees. This direct approach can simplify the borrowing process, making it easier for customers to understand the terms and potentially receive an instant decision on their loan application. The allure of securing a loan with no fees and a fixed rate is vital, particularly for those looking to manage their financial planning with certainty.
A fixed-rate secured loan ensures that the borrower’s interest rate remains constant throughout the loan term, protecting them from fluctuations in the market that could increase their repayments. This particularly appeals to individuals with specific projects, such as a loft conversion or establishing a medical practice, where budgeting accuracy is crucial. Providers like the Yorkshire Building Society and Leeds Building Society are known for their competitive fixed-rate offerings, catering to a wide range of borrowing needs.
The requirement for a credit check is a standard part of the loan application process, aimed at assessing the borrower’s financial stability and creditworthiness. However, the phrase “no credit check” is often searched for by those worried about their credit history impacting their ability to secure a loan. While most reputable lenders, including First Direct and M&S Bank, will always perform a credit check, emphasising the borrower’s ability to provide collateral reduces the sole reliance on credit history. This makes secured loans a potentially viable option for those with less-than-perfect credit under the right circumstances.
Location-specific lenders, such as Cambridge Building Society and Harpenden Building Society, offer localized services that can be particularly appealing to borrowers in those areas. Similarly, lenders like Teachers Building Society and Mansfield Building Society cater to specific groups, offering tailored products that meet the unique needs of their target demographics, such as educators and residents.
In cities like Newcastle, Swansea, Manchester, intelligent finance, first trust, and Leeds, national banks and local institutions meet the demand for secured loans. For instance, Halifax and Leeds Building Society have a strong presence in Leeds, offering various financial products, including secured loans. The choice between national giants and local institutions often comes down to the personal preferences of the borrower, with factors such as customer service, local knowledge, and community involvement playing a role in the decision-making process.
The concept of “amber” loans refers to a niche in the secured loan market designed for those with an ‘amber’ credit rating; not perfect, but not poor. Lenders like RBS (Royal Bank of Scotland) offer these loans to fill the gap between prime and subprime lending, offering a middle ground for borrowers who might not qualify for the best rates but are not considered high-risk.
The loan agreement details are paramount for those with specific financial needs, such as securing a loan for a loft conversion or setting up a medical practice. Precise terms, including interest rates, repayment periods, and additional fees, must be carefully considered. Direct lenders specialising in loans for such purposes often provide detailed, customised loan agreements to ensure that both parties clearly understand the terms.
The absence of a broker fee is a significant advantage when applying for a secured loan directly with a lender like HSBC, Atom Bank or Barclays. This can result in substantial savings, making the loan more affordable overall. Additionally, the prospect of a fixed-rate loan for those with poor credit is an important consideration, as it offers stability and predictability in repayments, which is crucial for financial planning and pilot training.
The importance of legal advice in secured loans cannot be overstated. Legal and General providers often highlight the need for borrowers to seek independent legal counsel before securing a loan against their property. This ensures that borrowers fully understand the implications of the loan, including the risks involved if they fail to keep up with repayments.
The UK secured loans market is rich with options, catering to various needs and financial situations. From major banks like the Clydsdale, Black Horse, Foundation home loans, Metrobank, Barclays, Lloyds Bank, and HSBC to specialized lenders in cities like Cambridge, countrywide, Newcastle, and Leeds, borrowers can access products designed to meet their specific requirements. The allure of fixed-rate loans, the option for direct lending with no broker fees, and the availability of loans for those with amber credit ratings or specific projects like loft conversions highlight the diversity and adaptability of the secured loan market. As always, the decision to take out a secured loan should be made carefully considering the terms and understanding the legal implications, ensuring that the chosen product aligns with the borrower’s financial goals and capabilities.
Today's Date: 18 April 2025
Published on: 16 June 2019
Last Updated on: 9 January 2025