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Who Can Take out a Loan against Property?

A loan against property is basically a mortgage that allows you to borrow money from the available equity in your home. As such, you cannot borrow any amount that is greater than the actual worth of your property.

What Kind of Property May Be Accepted?

Generally speaking, mortgages against property involve land or real estate. But there are numerous finance companies today that also offer loans that can be secured by using another type of property. This can be all sorts of vehicles, fine art or wine, antiques and all other properties that have verifiable value.

At loanagainst.co.uk, you will be able to apply for such a loan without even having to go through a credit check. The website also guarantees that you will be able to borrow twice as much than what you can borrow from other finance companies. You can even borrow up to £1,000,000.

Mortgage for Properties

One new type of mortgage that some companies offer is specifically designed for landlords. You can find an example of this at smartlandlord.co.uk, which calls their services as portfolio restructuring. This type of mortgage allows you to borrow against the value of your portfolio, which consists of the group of properties that you own.

If you take out a loan against property from smartlandlord.co.uk, you’ll be able to borrow up to 75% of the value of your portfolio. The arrangement fees will be no more than 1.5% of your loan amount, and the interest is payable between 3 and 25 years.

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