Struggling with multiple debts can feel overwhelming, especially if you’re a property owner with a property tied up in charges or mortgages. Refinancing your debt with a Main Loan can be a smart way to consolidate your payments, reduce financial stress, and free up cash flow. At Posfin Capital, our Main Loans offer up to 70% loan-to-value (LTV), a 12-month term with no monthly repayments, and a streamlined process to help you get back on track. Here’s how a Main Loan can help you refinance your debt.
What Is Debt Refinancing?
Debt refinancing involves taking out a new secured loan to pay off existing debts, such as credit cards, business loans, or property charges. The goal is to simplify your finances by consolidating multiple payments into one, often with better terms like a longer repayment period. For property owners, a Main Loan secured against your property can be an effective refinancing tool, especially if you need a larger sum to clear your debts.
Why Choose a Main Loan for Refinancing?
At Posfin Capital, our Main Loans are designed for flexibility. With up to 70% LTV, you can access a significant amount of funding based on your property value. The 12-month term with no monthly repayments gives you breathing room to manage your finances without the pressure of immediate payments. This is particularly helpful if you’re dealing with high-interest debts or multiple creditors, as it allows you to focus on rebuilding your financial stability. For example, if your property is valued at 400k, you could borrow up to 280k to refinance your debts.
How to Refinance with a Main Loan
Start by assessing your total debt—add up all outstanding balances, including mortgages, second charges, or other loans tied to your property. Next, apply for a Main Loan with Posfin Capital by completing our Property Assessment Form. We’ll evaluate your property value and existing charges to determine how much you can borrow. Once approved, the funds will be released, allowing you to pay off your debts in one go. This can simplify your finances and potentially reduce your overall interest costs.
Benefits of Refinancing with Posfin Capital
Refinancing with a Main Loan from Posfin Capital offers several advantages. First, consolidating your debts into one secured loan means you only have one payment to manage, reducing the risk of missed payments. Second, our 12-month no-repayment period gives you time to stabilize your finances, whether by increasing your income or selling assets. Finally, our team provides personalized support throughout the process, ensuring you understand your options and feel confident in your decision.
Take Control of Your Debt Today
If you’re ready to refinance your debt and regain financial control, a Main Loan from Posfin Capital could be the solution you need. Apply for one of the fastest secured loans in the UK and see how much you qualify for in minutes.
Apply now: bit.ly/POSFIN_PropertyAssessment.