Smart Money People Logo
Share this page
Link copied

Equifinance: Mortgage reviews

View other Equifinance products
1.00
Based on 4 reviews, last reviewed 22nd Apr 2025
No new 5 star reviews
in the past 90 days
100% increase in 1 star reviews
in the past 90 days
5 star
See only 5 star reviews
0%
4 star
See only 4 star reviews
0%
3 star
See only 3 star reviews
0%
2 star
See only 2 star reviews
0%
See only 1 star reviews
100%

Latest highest rating:

N/A

This product has not received a review of either 4 or 5 stars.

Latest lowest rating:

1

Despicable company Having recently and very suddenly lost my husband I was able to pay this particular second mortgage off - not our first mortgage and money is very tig... Read more Reviewed on: 22nd April 2025
CGW 's avatar
CGW
Read all reviews Write a review

About this product

Equifinance is a specialist second charge mortgage lender. A second charge mortgage is an additional loan on top of your existing mortgage. It’s important that you understand the Ts and Cs and interest rate of a mortgage. Always consult the lender or an independent advisor if you need help understanding your options.

A second charge mortgage can be a good way to gain quick funds without impacting your current mortgage terms. However, finding a reputable lender is important. Our Equifinance mortgage reviews can give you valuable insight into the lender and its products.

Find out more about the application process for Equifinance’s second charge mortgages. Learn how smoothly the application process is and how supportive the lender is throughout. Read about genuine experiences with the customer service team to find out how well the lender handles its customers’ issues. Learn whether existing borrowers would recommend the lender to family and friends. All of this and more can be found in our Equifinance mortgage reviews.

If you’ve had a second charge mortgage with Equifinance, write a review on Smart Money People. Why did you opt for a second charge mortgage over remortgaging? Were you satisfied with your decision? What was your favourite aspect of the experience with Equifinance, and is there anything you feel could be improved? How communicative was the lender throughout the term of the mortgage? Would you recommend Equifinance to your family and friends? Whether good or bad, write an Equifinance mortgage review today. Together, we can help people like you make better financial decisions.

Review Equifinance: Mortgage now

Help others make smarter decisions by sharing your own experience.
Give a 1 star rating Give a 2 star rating Give a 3 star rating Give a 4 star rating Give a 5 star rating
Write a review

Equifinance Mortgage reviews (4)

Despicable company

1
Having recently and very suddenly lost my husband I was able to pay this particular second mortgage off - not our first mortgage and money is very tight. They insisted on charging me an early repayment charge of nearly 3k on top of what I owed them leaving me unable to pay another debt. I complained they wouldn’t budge and claimed it is in their terms but nowhere in any terms does it outline you have to pay upon the death of one of the account holders. Legally I have no idea where I start but I have made a referral to the ombudsman. Either way though avoid this company majority of mortgage lenders would have wavered the fees. My first charge mortgage even put me on a better rate and wavered the fees. Kindness goes a really long way and there are lenders out there better kinder and fairer than this shower of rubbish. Reviewed on: 22nd April 2025
CGW 's avatar
CGW

Absolutely ludicrous!

1
Had a snotty letter from this tin pot organisation threatening me with a field agent visit for £9.25 arrears......yes I said £9.25...not £925.....or £9250...........£9.25...which I have no idea how they have calculated this because the payment is £219 per month and I always pay £220 so should be makbe a couple of quid in credit! It stated that a field agent would be attending my property if I did not phone them with in 2 working days of the date of the letter. News flash, Equifinance, 1st class post in this country does not mean next day any more, a testimant to this is the fact your letter arrived on the morning of 21st of September and the date of the letter is the 18th.....that's my first issue. The second issue is that the purpose of the 'field agent vist' is to agree an affordable payment plan............for £9.25, new income and expenditiure details and an affordability check ..........for £9.25! What will I be charged for this utterly ridiculous 'field agent vist' between £75 and £125!!!! Not happening Equifinance if you dare send anyone to my property for an arrears amount of less than £10 I will be making a formal complaint to the Financial ombudsman service! You are not allowed to use bullish scare tactics like this. Can I suggest that rather than you sending what is clearly a generic letter which appears to have not even been reviewed by an actual person, (I say that and I really hope that's the case because the postage, paper, ink and envelope will probably have cost more that the actual 'arrears') you use your common sense and either capitalise or leave on the account! You are an absolute joke, no other mortgage company would even bother writing for that pathetic amount......which again I have no idea how you have calculated it because I always pay 'pence' over! I have now paid £25 so should be £15.75 in credit!!! Please make sure this is checked by a real live person because as I have stated above if you waste my time with a field agent visit and try to make me pay a comparatively stupendous amounf of money for an unecessay visit, a full complaint will be made! We are putting our house up for sale within the next month and are currently in the process of getting the mortgage sorted for the purchase of a new house and I have to say I will never have dealings with an absolutely ridiculous company such as yours ever again! Utterly ridiculous! Reviewed on: 22nd September 2024
Hayley C's avatar
Hayley C

Loan Repayment

1
I took out a loan with Equifinance last year through the broker called Believe Loans. I took out £26000 to consolidate my loans and credit cards and it’s the worst move ever. Looking at it now this £26000 pounds loan has a interest rate of 11%. I’m paying £348 pounds a month and it’s for 15 year’s repayment. Working this out makes me sick £348 pounds x 15 years(180 months) = £62 640 the amount I will pay back. I’m more in Dept than before biggest regret ever. I’m highly recommending to who ever wants to take out a loan with this company please read every detail don’t just blindly go into it cause you desperate for that easy money. This company is a rip off and should be taken to task. Reviewed on: 26th May 2023
Iliesa Tuiloma's avatar
Iliesa Tuiloma

Payment date misery

1
I have an account with Equifinance and needed to change the payment date due to an employment pay day change. I rang and did this and shortly after received a letter stating that to change the date by 18 days they would charge me £318.27. I rang and immediately cancelled the change as they would not help. I was not told of this charge amount in the initial call to change the date. Shocking amount to charge and I will never use the services of these people again . Reviewed on: 14th June 2022
Ray Gooding's avatar
Ray Gooding

Review Equifinance: Mortgage now

Help others make smarter decisions by sharing your own experience.
Give a 1 star rating Give a 2 star rating Give a 3 star rating Give a 4 star rating Give a 5 star rating
Write a review
Are you a business? Get insights, reply to reviews, invite customers and understand their needs

Join Smart Money People

Keep up to date on ratings of your favourite businesses. Find out about our awards and write new reviews with ease

Create an account
Man on beach

News, guides and insight from our team

View resource hub
UK money news stories - 24 July 2024
UK money news stories - 24 July 2024
24th July 2024
Posted in Money Talks by Errolyn Smith
Your Money, Your Voice: Have your say
Your Money, Your Voice: Have your say
24th July 2024
Posted in Our insights by Errolyn Smith
Our latest research - customers see little impact of FCA's Consumer Duty one year on
Our latest research - customers see little impact of FCA's Consumer Duty one year on
24th July 2024
Posted in Our insights by Darryl Barkwill
Consumer credit awards winners 2024
Consumer credit awards winners 2024
11th July 2024
Posted in Awards by Darryl Barkwill