Ideal for customers looking to capital raise by releasing equity from their existing residential property. Our second charge loans can be arranged quickly without affecting their existing mortgage.
· Any loan purpose
· Ideal for customers who want to protect their existing mortgage i.e. those enjoying low mortgage rates or who want to stay on an interest only repayment method
· An alternative solution for customers where their existing mortgage lender’s criteria restricts further borrowing
Key product features:
• Min. £10,000 – Max. £500,000 (inclusive of retained interest and costs)
• Initial term 12 months – can be extended at our option
• No early or part redemption penalties
• Competitive interest rates according to loan to value (LTV)
• Interest calculated daily not monthly
• Retained interest or monthly service
We are happy to understand to your requirements and tailor a solution to suit. We will give an instant decision in principle (DIP). No forms to fill – our team will manage it all for you.