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Negative
equity loans. If you are home owner but have little or negative
equity in your home, it can often be difficult to obtain the
loan that you want.
If you have little or negative equity, a Double 00 Loan from Central Capital could let you borrow
up to 125% of your property value. At Double 00 Loans, we'll search from our carefully selected panel
of lenders to provide you with some of the most competitive
rates of interest available.
Giving you more borrowing power.
While we will allow you to borrow up to 125% of the property
value, with a typical bank loan you are not usually able to
borrow more than 95% of the value of your property. This means
that a Double 00 Loan can give you
considerably more borrowing power, as demonstrated in the
example below.
|
Double 00 Loan |
Typical
Bank Loan |
|
|
| Your
Property Value |
£100,000 |
£100,000 |
| Maximum
Borrowing |
125% |
95% |
| Maximum
Borrowing Limit |
£125,000 |
£95,000 |
Less:
existing mortgage |
£80,000 |
£80,000 |
| Maximum
Loan Available |
£45,000 |
£15,000 |
Your
Extra Borrowing Power |
7.7% |
£257.28 |
|
There are many reasons why you may want to take out a Double 00 Loan. If you have negative equity,
for example, you are probably not looking to move home but
could enjoy the benefits of some home improvements like a
new kitchen or bathroom or even a loft conversion. Or it may
be that you are looking to consolidate all your debts into
one straightforward affordable loan
To apply simply apply online
|
Double
00 Loans are administered through Central
Capital. Central Capital is registered in
Guernsey Number 37613 Registered Office: 1
Le Marchant Street, St Peter Port, Guernsey,
GY1 4HP. Licenced credit broker. Loans subject
to status and ability to repay. Written quotations
available on request.
Typical Example: £20,000 over 120 months
= £243.59 per month. Total repayable
£29,230.80 APR 8.4% variable. Optional
payment protection insurance available.
On some plans a fee of up to 10% may be payable.
LOANS SECURED ON PROPERTY. IF YOU ARE INTENDING
TO REPAY OR CONSOLIDATE EXISTING UNSECURED
DEBT THEN YOU SHOULD BE AWARE THAT THESE WILL
NOW BE SECURED BY WAY OF LEGAL MORTGAGE AND
YOU MAY PAY MORE OVER THE LONG TERM YOUR HOME
IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS
ON A MORTGAGE OR OTHER LOAN SECURED ON IT
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