What does Equity Release mean?
Property equity is the difference between the property’s value and mortgage owing. As an example, a $900,000 property with $300,000 mortgage owing has an equity of $600,000. Equity Release is borrowing against part of that available equity.
How much can I borrow through an EQUITY RELEASE Business Loan?
You can borrow up to 75% of the property value. Our loan amounts range from $20k to $2 million
Do I need to refinance my first mortgage with you?
NO. if your “Exit Strategy’ is to refinance, you can refinance through any lender and via any broker you like.
How long does the whole process take?
It only takes 24 hours from your initial application to have the funds in your account. That’s one of the great things about our EQUITY RELEASE Business Loan.
What if my property is owned in my private name or a company name?
Either is fine. The two main things we need to know is that there is a business or commercial purpose for the funds, and sufficient equity for the amount you want to borrow. If those 2 things stack up, you’re APPROVED!
What is the cost?
Rates and costs are based on risk, plus we believe in personalising a rate that works for you. An obligation free loan proposal will be provided to you with the interest rate and costs CLEARLY listed for your consideration. Unlike many other business lenders, we don’t engage in ‘smoke and mirror’ tricks where they lure […]
Can I use funds for personal purposes?
Unfortunately not. All of our loans (including our Equity Release business loan) must be wholly or predomanely for business purposes.
How does an EQUITY RELEASE Business Loan work?
If you have a property (real estate security) that has sufficient equity, you can unlock the equity in your property and turn it into cash to support your business. The amount that you can release depends on how much your property is worth, and how much is currently owing on it. To apply, simply fill […]
What is an equity release business loan?
Equity release business loans are loans where the borrower uses their property as collateral, allowing them to access the equity in their property for business purposes without having to sell it.
Who is eligible for equity release?
To be eligible for an equity release loan, the borrower must typically be a homeowner and have significant equity in their property
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