Equity release is becoming a very popular way for owners to unlock the capital tied up in their vehicles. Equity release is available on all types of vehicles including Prestige, Performance and Classics. The funds are secured against the vehicle rather than on other assets such as property. The process is straightforward and no car dealers are involved. After completing the relevant paperwork funds are released directly into you bank account.
Unlike many short-term equity release solutions Norwood Finance equity release schemes offer excellent rates over a period of up to five years. Most short term “log book loans” require the customer to hand over their vehicle to the lender as security and incur high rates of interest. This is not a short term bridging solution which is why the terms are so much more attractive. You remain the keeper of the vehicle and continue to drive and enjoy it!
Norwood Finance has helped customers wanting to raise capital to pay for investment properties, looking to extend their collection of investment-grade cars or who just need liquid assets for personal reasons. We will take care of all the paperwork, cutting through the complexity and most clients get the go-ahead on their finance within a few days.
If you’re interested in finding out more about how much money you could access through equity release please contact our dedicated team of experts on 01423 638 300. Alternatively email [email protected] or chat to us online.