Equity Release Section

A property section with information about equity release, with suggestions and simple ideas on using the finance released.

If you are a UK homeowner with a property whose mortgage is less than the buildings market value, then you are a homeowner with equity in their home. Perhaps you are interested in releasing some of this equity for use in another area? Releasing this equity could be cheaper than arranging alterative finance.
If you have home equity but need finance, then The Grabber is here to help.

Topics covered on this page are:

Equity Release | Remortgaging | Homeowner Loans | Investment Jargon Buster - term index

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Homeowner Loan Form | Re-mortgage Loan Form

Equity Release

Equity release is a term used for the process of creating finance from the value of a home without having to move out of it. This equity is the difference between the amount remaining on your mortgage and the current market value of the property. This equity can be released by securing a loan on the equity or by re-mortgaging your property. This then leaves the you with finance to invest or use as you see fit.

Finance raised from equity release can be used for home improvements, which could increase the value of your home. Perhaps improving your homes security appeals to you, investing in security gates, plastic windows or lighting can be relatively cheap compared to the peace of mind they bring.
You may spend a lot of time in your garden or want to turn it into a space where you will spend more time. Equity release used to fund landscaping or developments in the garden should turn it into a unique space or an expression of your personality. There have even been occasions where parents have used the finance released from equity to help their offspring onto the housing ladder.

As with all finance involving property or the home you are cautioned to take any and all advise available and to be aware of any terms and conditions involved before agreeing to secure any further debt on your home.
If you fall behind with the repayments on a loan or other finance secured on your home then the finance lender can start legal proceedings to repossess the property and then sell it to get back their losses. Then as well as losing your home your credit rating may be adversely affected, making obtaining further credit that much more difficult.

Re-mortgaging

If you are a homeowner with equity in your property then you may be interested in a re-mortgage. The most efficient way to release the equity from your home is to re-mortgage it. A re-mortgage means switching the mortgage on a home to a new lender, or re-mortgaging could be used to free up equity on a property to create fresh finance. How this works essentially is you re-mortgage for more than you currently owe and use the remainder of the finance as you see fit.
It is important that you look into this to see whether there are other ways you could meet your financial needs before you make a commitment on using a re-mortgage in this way.

Re-mortgage Section - Re-mortgage Section

The Grabber's re-mortgage section has information and also we have provided an application form for those who wishing to apply, its easy to fill in and complete. You could even use the free no obligation quote to compare against your existing mortgage lender to see if it could save you money on your repayments.
Your application will not be turned down because in the past you made a mistake and this has resulted in a problem credit rating. Indeed, regardless of your credit history, your application will be viewed on an individual basis before you are contacted by an advisor, who will do their best to help you find a re-mortgage for your circumstances.

Homeowner Loans

Alternately, if you have equity in your home then you may be interested in applying for a homeowner loan to release it. The home loan allows you to borrow money at a far better rate than an unsecured loan because your home equity is used as the security and you are deemed less of financial risk by lenders. However a loan secured on your homes equity may only raise a smaller amount. This amount could be adequate for your needs, however there are loan products that permit finance at amounts greater than your homes available equity.
A homeowner loan or a secured loan as it can be called, uses your home for its security meaning better rates and a more flexible repayment term for you. Because with this security the lender considers they are taking a lesser risk granting you the homeowner loan. Your home could be at risk if you do not keep up repayments on finance secured upon it. Homeowners should always consider carefully before securing any further debt on their home.

Home Loans Section - Home Loan Section

The Grabber has a section on homeowner loans, or secured loans as they are sometimes called. We have also provided a homeowner loan application form which is easy to fill in and complete. At the grabber we don’t turn people away because in the past they made a mistake resulting in a problem credit rating, or don't have the right job.
Regardless of your credit history your application form will be viewed on an individual basis before you are contacted by an advisor who will do their best to help you find a secured loan at a good rate for your circumstance.

Apply Online - Don't delay, fill in a form and Grab that Deal!

Homeowner Loan Form | Re-mortgage Loan Form

Terms Index