loans for living
Loans for Living are ideal for customers who already
have a home loan from and would like to borrow more money.
The amount you can borrow is normally based on the difference between
the existing balance of the Home Loan and the current market value
of the property. Download our Loans
for Living Loan Application in PDF format.
| Type |
Amount |
Term |
Rate* |
| Motor
Loan |
5-20K |
1-7yrs |
5.25% |
| 7+yrs |
4.00% |
| Lifestyle
Loan |
5K+ |
1-7yrs |
6.00% |
| 7+yrs |
4.50% |
| Home
Improver |
10-20K |
1-7yrs |
5.25% |
| 7+yrs |
4.00% |
| Home
Builder |
20K+ |
1-7yrs |
5.25% |
| 7+yrs |
4.00% |
| Holiday
Home |
25K+ |
Up
to 30yrs |
3.60% |
| Rates applicable from 15th November 2005 |
There are 5 main types of Loans for Living:
1. Motor Loans
If you're buying a car you very often
need to organise finance in the quickest possible time, with minimum
hassle, and at a very competitive rate. We can help you with the
Loans for Living Motor Loan, designed to get you on the road, quickly
and comfortably. Download application.
Learn more about Motor Loans.
2. Lifestyle Loan
Our Lifestyle Loan, is designed for
exactly that, to give you the financial options you require to support
your changing lifestyle. If you are thinking of going on holiday,
paying off other loans, or you need to finance your children's education,
you should talk to us about the Loans for Living Lifestyle Loan.
Learn more about Lifestyle
Loans.
3. Home Improver Loan
You may have plans to do some work
on your home, and for anything from buying a new suite of furniture
to a full redecorating makeover, the Loans for Living Home Improver
Loan is designed to suit your needs. It offers you the flexibility
and long term value to make your dreams a reality.
Learn more about Home Improver Loans.
4. Home Builder Loan
If you are doing considerable home
improvements, building on an extension, or a new conservatory, the
Loans for Living Home Builder Loan is just what you need. You can
borrow 20k or more at the same rate as your current mortgage! The
Home Builder Loan from gives you long term value at an unbeatable
rate.
Learn more about Home Builder
Loans.
5. Holiday Home Loan
If your dreams extend to a home away
from home, buying the holiday home you've all wanted, without over
stretching yourself, the Loans For Living Holiday Home Loan is the
option for you.
Learn more about Holiday Home Loans.
Security for the Loan
Loans for Living are secured
in various ways and depend on:
- the size of the loan required
- the total value of all loans secured against
property relative to its current value.
A Loans for Living Loan may be advanced
on the security of an existing mortgage by way of an unregistered
or registered further charge.
Generally Loans for Living Loans up to EUR 25,000 do not incur legal
or registration costs and arrangements are quick and easy to make.
Stamp Duty is not normally payable unless the loan is greater than
EUR 320,000.
Life Assurance
Under the Consumer Credit Act 1995
Mortgage Protection Insurance or Life Assurance is required on all
loans secured against the family home. The policy is designed to
clear the loan balance remaining in the event of your death.
As an additional benefit to customers, introduced a Free Life
Cover scheme on 13th May 1996. This means that if you are under
30 years of age and the total amount of your Loans for Living loans
does not exceed EUR 20,000, then will pay for life assurance
cover on your new loan. Learn more about Life
Assurance.
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