Lender Profile
Equifinance Ltd Secured Loans
UK specialist second charge lender laser-focused on standard secured loan cases — clean and minor adverse credit at typical UK loan sizes with the consistency of a single-product-line business.
About Equifinance Ltd
Equifinance is a UK-based specialist lender focused exclusively on the second charge mortgage market. Founded in 2011, they have built a reputation for consistent service on standard secured loan cases for clean credit and minor adverse borrowers. Unlike lenders that also operate bridging, BTL, or asset finance divisions, Equifinance's exclusive second charge focus means operational and underwriting consistency that broader specialists sometimes struggle to match.
Their product range covers 2-year and 5-year fixed rates with variable revert, typically pricing from the mid-7s for clean credit at competitive LTVs. Maximum loan sizes sit around £150,000 — a deliberate positioning that keeps Equifinance in the sweet spot of typical UK consolidation and home improvement borrowing (£15,000-£75,000) rather than stretching across the full £5,000-£500,000 range.
Equifinance's underwriting is human-reviewed and supportive of straightforward employed and self-employed cases. They're a natural middle-ground choice when the case doesn't fit Selina's rate-leadership sub-65% LTV band but doesn't need the specialist adverse credit appetite of Pepper, Norton, or Evolution. The tiered arrangement fee structure (£795-£1,295) means smaller loans aren't penalised by flat-fee pricing.
Equifinance stretch to 85% combined LTV on selected products for minor adverse cases, giving them coverage at the higher-LTV end that some competitors don't offer. Cases complete in the standard 2-4 week UK second charge cycle. Their exclusive-focus positioning means process quirks that plague multi-product specialists (case queuing across divisions, priority conflicts) don't arise — Equifinance's whole operation runs one product line.
Product range: Second charge mortgages on 2-year and 5-year fixed rates with variable revert. Clean credit and minor adverse accepted. £5,000 to £150,000, up to 85% combined LTV on selected products. Tiered fee structure (£795-£1,295). Exclusive second charge focus.
Best for
- Clean credit borrowers needing typical UK loan sizes £15,000-£75,000 up to £150,000
- Standard employed and self-employed cases with straightforward documentation
- Minor adverse credit at competitive LTVs including selected 85% LTV products
- Borrowers who want a specialist lender focused solely on second charge (no cross-division priority conflicts)
- Smaller loans from £5,000 where the tiered fee structure suits
- Cases that don't fit Selina's rate-leadership sub-65% LTV band but don't need adverse specialist appetite
- Consistent-service cases where operational stability matters more than absolute lowest rate
Key facts
- Established
- 2011
- Parent Company
- Equifinance Ltd (FCA-authorised)
- Min Loan
- £5,000
- Max Loan
- £150,000
- Max Term
- 30 years
- Max Ltv
- 85% combined (selected products)
- Fee
- £795–£1,295 arrangement fee, tiered by loan size
- Credit Tier
- Clean to minor adverse
- Rate Structure
- 2-year and 5-year fixed, then variable revert
- Completion
- Typically 2–4 weeks
- Property Eligibility
- Standard UK residential property with current first charge mortgage. Combined LTV cap of 85% on selected products, 80% on standard.
Pros
- +Exclusive second charge focus — single product line means operational consistency and no cross-division priority conflicts
- +Low minimum loan of £5,000 — accessible for smaller consolidation cases
- +Tiered fee structure (£795-£1,295) — competitive on smaller loans
- +Up to 85% combined LTV on selected products for minor adverse cases
- +Both 2-year and 5-year fixed products for rate stability choice
- +Human-reviewed underwriting appropriate for straightforward employed and self-employed cases
- +Predictable process — one focus, one team, one product-line workflow
Cons
- −Maximum loan £150,000 — caps below larger lenders like Selina, Pepper, UTB (all to £500,000)
- −Rates not the lowest in the market for prime cases — Selina wins sub-65% LTV, Masthaven wins 65-80% LTV
- −Adverse credit appetite limited to minor tier — no recent CCJs, defaults, or active arrears
- −No high-LTV clean-credit product above 85% (vs Central Trust Plan 5 at 90%)
Equifinance Ltd FAQs
What rates does Equifinance offer on secured loans?
Equifinance secured loan rates typically start around 7.50% APR for a 5-year fix on clean credit at competitive LTVs, with minor adverse cases priced higher. Rates and product availability are subject to change — your adviser will confirm current pricing for your case.
What is a representative example for an Equifinance secured loan?
Representative example for a £30,000 secured loan over 120 months at 7.75% APR fixed for 5 years (8.40% variable thereafter): monthly repayment £359.12, total loan repayments £43,094.40, Equifinance arrangement fee £995, Charles Frank Finance broker fee £2,495. Total amount payable £46,584.40. Total charge for credit (interest plus fees) £16,584.40. Representative APRC 9.1%. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
What property eligibility does Equifinance require?
Standard UK residential property in the applicant's name with a current first charge mortgage. Combined LTV capped at 80% on standard products or 85% on selected products. A property valuation is required.
What's the maximum loan size at Equifinance?
£150,000 across the Equifinance product range. For larger loans, panel alternatives include Selina Finance, Pepper Money, Norton Finance, or United Trust Bank — each going up to £500,000 subject to LTV and affordability.
How does Equifinance compare to Selina Finance for secured loans?
Selina and Equifinance target different case profiles. Selina wins on rate for clean prime cases at sub-65% LTV — Selina's 5-year fix from 6.34% initial rate (7.0% APRC) is typically 100+ bps below Equifinance's mid-7s pricing at the same LTV. Equifinance wins where the case sits above Selina's sweet spot: minor adverse credit cases, 80-85% LTV clean cases, or smaller loans from £5,000 (Selina minimum £5,000, Equifinance also £5,000, but Equifinance's tiered fee scales down more competitively). For pure prime sub-65% LTV, Selina; for minor adverse or higher-LTV clean cases at typical UK loan sizes, Equifinance.
How does Equifinance compare to Masthaven for secured loans?
Both target clean and minor adverse credit second charge cases, and both operate at typical UK secured loan sizes. Masthaven has broader loan-size reach (up to £500,000 vs Equifinance £150,000) and slightly more competitive rates at 65-80% LTV where Masthaven's specialist positioning kicks in. Equifinance wins on operational focus — single product line, no cross-division priority conflicts — and can be more consistent on smaller loans from £5,000 where fee tiering matters. For larger clean-credit cases at 65-80% LTV, Masthaven; for smaller loans and single-focus consistency, Equifinance. Your adviser will identify best fit before submission.
Apply for a Equifinance secured loan
We'll match your case against Equifinance's criteria first — and the rest of our panel — to find the cheapest fit.