As an example: If your house is valued in today’s market at £150,000 and the amount remaining on the mortgage is £50,000, then the equity in your home would stand at £100,000.

One of the major advantages of home equity loans is that there is usually sufficient equity remaining on the property to cover the outstanding amount of the new loan. For this reason, interest charges tend to be much more attractive than the terms of a standard secured homeowner loan.

Home Equity loans are therefore a means of raising substantial funds without having any intention of selling or moving from the current property.

As with all secured loans available from Magic Loans, equity home loans can be used for any purpose, including home refurbishment, buying a new car or taking that special once in a life time holiday.

With its particular expertise in the home equity loan market, and ability to source the entire financial loans market, we can locate the best home equity loans available in the UK for any amount between £5,000 and £250,000, with terms that perfectly suit both your requirements and your means.

What’s more, Magic Loans will keep it very simple, and find the ideal financial solution with the absolute minimum of fuss and bother.

There’s absolutely no obligation, so why hesitate before making a straightforward enquiry today?

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