Lender Profile
Equifinance Ltd Secured Loans
UK specialist second charge lender for clean and minor adverse credit borrowers.
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.
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 — making them a strong fit for typical UK consolidation and home improvement borrowing rather than very large loans.
Equifinance's underwriting is human-reviewed and supportive of straightforward employed and self-employed cases. They're a good middle-ground choice when the case doesn't fit Selina's prime pricing but doesn't need the specialist adverse appetite of Pepper, Norton, or Masthaven.
Product range: Second charge mortgages on 2-year and 5-year fixed rates. Clean credit and minor adverse credit accepted. Standard fee structure.
Best for
- Clean credit borrowers needing typical loan sizes up to £150,000
- Standard employed and self-employed cases
- Minor adverse credit at competitive LTVs
- Borrowers who want a specialist lender focused solely on second charge
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 3–4 weeks
- Property Eligibility
- Standard UK residential property with current first charge mortgage. Combined LTV cap of 85% on selected products, 80% on standard.
Pros
- +Specialist focus on second charge — single product line means consistent service
- +Low minimum loan of £5,000 — accessible for smaller consolidation cases
- +Tiered fee structure — competitive on smaller loans
- +Up to 85% combined LTV on selected products
Cons
- −Maximum loan £150,000 — caps below larger lenders like Selina, Pepper, or UTB
- −Rates not the lowest in the market for prime cases
- −Adverse credit appetite limited to minor tier — not for recent CCJs or active arrears
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.
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.