Larger amounts than unsecured borrowing
Because the loan is secured, lenders will normally consider higher amounts assessed against the property value.
Loan service
Loan Against Property
A secured loan against residential or commercial property you own, usually for a larger amount and a longer term than unsecured borrowing.
Overview
About loan against property
A loan against property, often shortened to LAP, is borrowing secured against real estate you already own. The property continues to be yours and you continue to use it; the lender holds a charge over it until the loan is repaid.
Because it is secured, LAP is normally available for larger amounts and longer terms than unsecured borrowing. Lenders advance only a portion of the assessed market value, and that assessment is theirs, not the figure you might expect the property to fetch.
The important thing to be clear about is the risk. This is your property standing behind the loan. Missing repayments has consequences that unsecured borrowing does not carry, and it deserves a considered decision rather than a quick one.
Key benefits
What you get from working with us on this
Longer repayment terms
Terms are typically longer than personal borrowing, which spreads the instalment, though it also increases total interest paid.
You keep using the property
Ownership and occupation continue as normal. The lender records a charge; it does not take possession while the loan performs.
Valuation understood before you apply
The lender's valuation drives the amount available. We explain how that assessment tends to work so the outcome is not a surprise.
Eligibility
What lenders generally look at
General guidance. Every lender applies its own criteria and may weigh these differently.
- Clear and marketable ownership of the property offered as security
- A property type, age and location the lender is willing to accept as security
- Demonstrable income sufficient to service the instalment alongside existing obligations
- A credit history the lender considers acceptable
- Consent and participation of all co-owners of the property
- Property free of disputes and of any existing charge the lender will not accept
Documents
What you will typically be asked for
A typical checklist. Lenders may ask for more, or for less, depending on your profile.
Identity and address
Income - salaried
Income - self-employed
Property
How it works
A simple path from enquiry to lender decision
We help you understand and prepare the case. Verification, sanction terms and the final credit decision remain with the lender.
- 01Step 1
Share your requirement
Tell us what you are trying to do — buy, build, transfer or raise funds — along with your income type and rough timeline.
- 02Step 2
Consultation
We go through your profile, explain what lenders look for and set out the options realistically open to you.
- 03Step 3
Documentation
We tell you exactly which documents are needed and check the file is complete before anything is submitted.
- 04Step 4
Lender processing
Your application goes to the lender, who carries out their own verification, valuation and legal checks.
- 05Step 5
Lender decision
The lender decides the outcome and terms. We keep you updated and explain what any sanction actually commits you to.
Questions
Loan Against Property questions we are asked
Lenders advance a proportion of their own assessed value of the property, not the price you believe it would sell for. The proportion varies by lender and by property type, and your income still has to support the repayment.
Many lenders accept residential, commercial and in some cases industrial property, but their appetite differs considerably by property type, age, location and title. It needs checking against specific lenders rather than assumed.
Yes. Lenders generally ask what the funds are for and some purposes are excluded, particularly speculative ones. The stated purpose should be accurate.
The property is security for the loan, and a lender has legal remedies against that security if the loan is not repaid as agreed. This is the central risk of borrowing against property and it should weigh in your decision.
Enquire
Ask us about loan against property
Send a short enquiry and we will get back to you to talk through your options. Nothing here commits you to anything.