What is an equity loan?
An equity loan is a product that assists people who cannot afford to buy a property.
The loan acts as a deposit and must be redeemed on the sale of the property, or the customer may choose to pay it back earlier. There are a number of different schemes that have been run since 1999, some with interest payable.
For further information please call us on 0300 456 2099 and ask to speak to the Home Ownership Approvals Team or email us.