6 reasons to consider second charge loans

6 REASONS WHY YOU SHOULD CONSIDER SECOND CHARGE LOANS FOR YOUR CLIENTS

1. Rates – Much more competitive than you may realise… Rates currently from 3.47% and LTV up to 100%.

2. Affordability assessment – Second charge lenders may be more flexible than first charge lenders.

3. Adding a partner – It is possible to add a partner to a second charge, allowing income to be considered from both parties.

4. Loan purposes – Home improvements, debt consolidation, tax bill payment, school fees, holiday home purchase – all these and more are acceptable purposes.

5. Interest only – We have access to interest-only products at very competitive rates.

6. Completion times – Our dedicated and experienced team are focussed on completing your case in as short a time as possible.

SECOND CHARGE CASE STUDIES

No Crystal App Fee on Second Charges in September

WE ARE WAIVING CRYSTAL'S APPLICATION FEE ON ALL REGULATED AND NON-REGULATED SECOND CHARGE LOANS IN SEPTEMBER* Second charge mortgages are a great way to raise capital if your client doesn't want to lose their current 1st charge rate, are struggling to find unsecured lending or if they want to avoid paying high ERCs. Crystal's dedicated...

Debt consolidation

SECOND CHARGE USED FOR DEBT CONSOLIDATION WITH LOW INCOME An introducer contacted us with a client who needed funds to consolidate debt that was spiralling out of control. The client was struggling with his outgoings and needed a solution that would allow for one simple payment every month. The good news?... He had a clean...

Overdue Tax bill

OVERDUE TAX BILL FINANCED WITH A SECURED LOAN A broker approached us with a client who needed funds to clear an existing second charge loan and pay a tax bill. The case was declined by a high street lender due to the high LTV (95%), the client's overdue tax bill from previous years and his...