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Low Equity Loans

Secured Loans > Low Equity Loans

Low or Negative Equity Loans

Low equity shouldn’t stand in the way of borrowing the money you need. If you equity has decreased you could still be eligible for a secured loan of up to £50,000.

Discover your eligibility today with our application process. It’s quick, simple, and won’t affect your credit score.

  • Receive an obligation-free quote
  • Apply with low or negative equity
  • See if you’re eligible today

Here’s what our satisfied customers think:

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How much do you want to borrow? £5,000 to £100,000
For how long? 3 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
Is this a joint application?

Helping you borrow with Low Equity

Low equity. It can often be a stumbling block to borrowing the money you need.

But with Evolution Money, it doesn’t have to be. Our secured loans are designed to help people who have low or even negative equity. That means you could borrow up to £50,000, even if you’ve only recently stepped onto the property ladder.

What is a low equity loan?

A low equity loan allows you to borrow money against a home that has a high remaining mortgage balance. It could be that you’ve only recently purchased your home, or the property has decreased in value since you took out the mortgage.

Mainstream loan providers reject homeowners with low equity. That’s because having low equity means you only own a small stake of your home to secure finance against.

At Evolution Money, we’ll do our best to try and find a personalised solution that benefits you.

What is negative equity?

Negative equity happens when your home is worth less than what you owe on your mortgage. This usually happens when property prices fall.

Having negative equity means that you won’t own a stake in your property yet. This can make it tricky to move home, remortgage, or apply for a secured loan.

Can I apply for a secured loan with negative equity?

Applying for a secured loan with negative equity can be difficult. At Evolution Money, we’ll carefully look at your individual circumstances to try and find a secured loan that suits you and the amount of equity you own.

If you're looking to obtain credit, our secured loans can be used for a range of purposes

A debt consolidation loan could help regain control of your finances
Carry out home improvements; a great way to invest back into your property
A wedding day loan to make a special day memorable
Bigger personal items such as cars can be financed using a secured loan
Take your family on that much needed holiday

How long will it take to receive my low equity loan?

At Evolution Money, we’ll work fast to ensure you receive your low equity loan as soon as possible. Though we aim to complete all applications within three weeks, you could receive your loan within days.

What negative equity loans do you offer?

We review applications on a case-by-case basis. If you have low or negative equity, we’ll try to find a secured loan that suits you and your finances.

Want to know get an idea of the cost and timescales of your? Our handy loan calculator may be able to help. Use the calculator to see what your low equity loan repayments might be through Evolution Money.

Or, give us a call on 0161 814 9158 to discuss your loan needs. You can get a no-obligation quote from one of our qualified loan advisors at Evolution Money today.

Apply for my low equity loan

Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

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Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

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