What is equity?
Equity is the difference between the amount you owe on your current mortgage and the present value of your home. If your home is worth (£60,000), and your mortgage balance is (£20,000), you'd have equity of (£40,000). Many homeowners are unaware that it is possible to release the equity in their property. Equity released funds can be used for virtually anything you like - buying a new car, holidays, home improvements, consolidation of debts or even buying a second home. Equity Release is a mechanism to turn the cash value of a house into a stream of income and capital payments.

How can I use my equity?
People borrow for many reasons - to buy a new car, consolidate credit card debt, pay for children's education, buy second home, fit a new heating system, pay for medical bills and so on. Equally, you might decide you need a new regular source of income to pay for increased caring bills or residential care. Many older homeowners use equity release funds for this purpose.

Do you qualify?
Eligibility for equity release schemes varies. If you're a UK homeowner, there's a good chance that you may qualify on one of the many schemes available from providers. The fastest way to find out is to complete the short enquiry form available on this site. Your enquiry will then be forwarded to a qualified advisor who will contact you with further advice and recommendation. Please click here to fill out our quick online equity loan enquiry form.

(c) Copyright 2003 EQUITY LOANS : Home Equity Loans UK- UK Homeowner loan Service.