James Briggs – Specialist Distribution Manager
As the UK’s leading specialist lender1, we’re always thinking of ways to help you secure the Second Charge Loan your customer wants. Here’s a handy A-Z guide of how we can help.
If your customer is looking for an alternative to a remortgage or wants to avoid the early repayment charges a remortgage could incur, a Second Charge Loan could be the ideal solution.
Our choice of submission routes allows you to place a case with us directly or with one of our approved Master Brokers if you need a little more assistance.
Our Residential Second Charge Loans are available to customers aged up to the age of 75 at the end of the mortgage term.
A Second Charge Loan could be the solution if your customer is looking to consolidate a number of existing debts into one manageable payment.
Customers don’t have to pay an early repayment charge if they decide to repay all or part of their Residential Second Charge Loan early.
Our Second Charge Loans are available for any purpose, including business use, property investment and tax bills.
Our product and criteria guides give you the information you need to help you place your cases with confidence.
A Second Charge Loan enables homeowners to release equity in their properties and could help finance projects such as building an extension, redecorating or giving their garden a makeover.
Our team of expert underwriters is here to support you in placing your case every step of the way.
We take individual tax circumstances into account meaning Tenants in Common customers could achieve the loan size they want.
Our regular emails, social media posts, articles in the trade press and weekly blogs make sure you’re armed with the knowledge you need to place more of your customers’ cases.
Customers can borrow up to £500,000 on our Residential Second Charge Loans.
Our minimum property value is £50,000 (£150,000 in Greater London). There is no maximum property value.
Our near prime range of products could be suitable for customers with less than perfect credit profiles, including secured and unsecured arrears, CCJs and defaults.
Our easy-to-use fully searchable A-Z guide means you’ve got the key information you need to know at your fingertips, whether you’re viewing it on your mobile, tablet, laptop or desktop.
Choose from our range of 2 year Bank of England Base Rate Tracker, 2 or 5 year Fixed rate products.
We’re dedicated to providing customers and brokers with quality products and a quality service.
Customers can borrow up to 85% LTV on our Residential Second Charge Loans, ideal for those home improvements.
Submitting is easy, simply use our Online Portal which is available 24/7 with applications looked at the same day2.
Earned income can now be used to demonstrate affordability which means customers may now be able to borrow more with a Second Charge Loan than with a remortgage.
Our friendly and experienced underwriting team is on-hand to help your customer get the product they want as quickly and easily as possible.
We use AVMs where possible (for loan amounts up to £200,000) to reduce costs and speed up valuations.
We’re delighted our range of Second Charge Loan products saw us crowned Secured Loan Lender of the Year at the Specialist Finance Introducer Awards.
Funds can be made available faster than a traditional remortgage.
Terms of between three and 35 years available.
We now accept zero hour contracts on secondary applicants.
1 BVA BDRC Project Mercury report Q1 2019
2 Information correct as at Thursday 4th July 2019