who does personal loans against property?

[blaster]

Hi people

Could I get a personal loan of some sort or private finance against property I own outright - Nothing owing or bank connections at all in any way to the properties as payed cash . ?

Cheers

 

[65fbk]

Easy. Just get an equity Line of Credit (LOC)

 

[The Y-man]

Hi people

Could I get a personal loan of some sort or private finance against property I own outright - Nothing owing or bank connections at all in any way to the properties as payed cash . ?

Cheers

Don't quite get the question - how can you have a loan with nothing owing?

Cheers,

The Y-man

 

[Peter_Tersteeg]

There are caveat lenders who will lend against the property. Their money usually comes from private funders, often individuals. Rates are high 2-4% per month.

There are plenty of lenders outside the big-4 banks that might be suitable. There are second and third tier lenders.

What's the reasoning behind the question?