Loans against land by Just Value It.
Land equity loans can be more difficult to obtain than other forms of financing- but Just Value It can make it easy.
With vacant land, you have money tied up in a property that you may have other uses for. In this case, an equity loan on that vacant land can allow you access to that capital. Land equity loans are not as readily available as home equity loans, and obtaining such a loan will have its own unique challenges.
A bank will usually lend up to 80 percent of the value of a home for an equity loan, and sometimes even higher amounts are approved. However, loans on vacant land are typically for a much lower percentage.
Banks typically will not lend over 35 percent of the value of the property. If the bank will provide you with a loan, the interest rate will also be higher to compensate for the additional risk.
Because lenders will typically lend much less money for equity in land, it is best if you do not owe any money on the property that you are looking for the equity loan on.
Any outstanding balance will reduce the amount that a bank is willing to lend. In many cases, the outstanding balance will reduce the amount by enough that an equity loan on the property is not cost-effective for the bank. Which is another reason to give Just Value It a freephone call on 080016999 now to discuss our quick, secure and discreet lending service!
Please call us now for a free, no obligation, confidential discussion about a loan on your land on 0800 1699925 or ENQUIRE NOW and you could have the money in your account within 24 hours of the valuation being completed.
No Age Restrictions- No Income Limits- No Credit Checks- Fast- Private- Secure Borrowing
Because you value it we care about it.
Max APR: 67.35%. Representative Loan Example: Loan amount: £100,000, Rate of Interest: 41.88% per annum (fixed), Rate of Interest: 3.49% per month (fixed) simple interest Administration fee: £3,000 (3%), Total amount of credit: £97,000, Representative APR: 55.8%. Duration of the agreement: 6 months Total amount payable: £120,940*. Repayment of credit: one repayment of £120,940 in month 6 or alternatively a lower APR is available if interest payments due are paid monthly and not rolled up until the end of the term of the loan. * Loans can be paid back at any time with no penalties applied. Loan Term: Typically 6 months but with options available to extend the term A Pawnbroking Loan is not a long term financial solution. In the event that you are unable to repay your loan to Just Value It Ltd, the asset(s) that you used to secure your loan may be sold, in order to recover the outstanding loan balance, according to the terms and conditions of your signed loan agreement.