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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 team of experts are here to help with all of your secured lending needs and can assist obtaining funding for almost any situation or circumstance such as debt consolidation, home improvements, BTL deposits, educational fees, holidays and many more scenarios. Contact Crystal Specialist Finance today on 01827 301 070 and our in house team will work with you to find the very best solution. *Ends 5.30pm Monday 30th September 2019....

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 credit history. The bad news?... He failed affordability checks based on his sole income. The Solution Using the couple's joint income would have helped, but the client's partner was on maternity leave and had already received the full SMP allowance (her income was zero at the time of application). We approached a lender that was able to facilitate the required amount as a second charge loan on the basis that...

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 unprofitable business. The Solution We managed to place the case with a lender who was able to offer the full loan amount after taking into consideration the fact that the client had gone into a full-time employment. The loan would improve the applicant's financial situation by clearing his tax bill and consolidating his existing debt.