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.