• It can provide extra money for doing property improvements or for refurbishment of other properties or for other business purposes
• It can be used to consolidate short term debt which can increase disposable income
• Avoids ERC’s on current mortgage
• Access to specialist lenders not readily available.
• Poor credit considered
• Flexible income multiples
• Fast completion timescales
our clients will be able to release funds from your property without changing your main mortgage.
Interest rates rising give homeowners and buy to let landlords a challenge where they have a competitive rate first charge loan.
To secure a new loan that sits behind the current lender makes sense given the risk of losing a fixed interest rate.
Second charge lenders will allow the customer to use funds for any legal purpose and offer fixed and variable rates with lower income multiples than traditional mortgage lenders.
Debt consolidation is a financial strategy that involves combining multiple debts into a single loan with a lower interest rate and/or lower monthly payment.
Have a large IHT or Schedule D tax bill and cannot get time to pay use your assets to solve the issue
Do you want make changes to enhance the value of your home, kitchen, bathroom ,flooring or outside space use a second charge loan
BTL purchase and renovation increases the value of the property and make it more attractive to potential tenants, which can lead to higher rental income and long-term profitability.
Want to buy a holiday home use your current equity to purchase or draw funds as a deposit
When equity is transferred there can be stamp duty or costs involved. a second charge loan can assist in these situations
Do you have a shortfall on an acquisition or just want to invest in a new business. Use your equity
Planned the wedding but need to pay for it. Use a second charge loan to give you loved ones that big send off
Large assets purchases such as a new car, a watch or maybe even jewellery are all reasons to use a second charge loan
Let us know what you want by contacting us.
ICO - ZA458114
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