A second charge loan (sometimes referred to as a secured loan) is an ideal option to release equity from your clients property. At Crystal Specialist Finance, we can offer second charge loans on almost all types of property – residential, commercial or buy-to-let.
CAN'T REMORTGAGE? NO FURTHER ADVANCE?
Second charge lending is an excellent solution for a client that may not have access to a further advance due to i.e. remortgage declines. It also provides a finance avenue for clients who don’t want to disturb their main mortgage, which may have a an excellent rate or be on an interest only product that may not be available today.
BUY-TO-LET / COMMERCIAL SECOND CHARGE LOANS
Unlock the equity in your clients buy-to-let or commercial property. We have market-leading rates available on long-term or short-term products.
Loans can be used for almost any purpose: buy additional property, VAT / Tax bill, working capital, repay creditors, refurbishment, or any legal reason you can think of.
NO CONSENT / NO VALUATIONS POSSIBLE
In some cases we can work with a lender on panel who does not require consent from the first charge lender.
Sometimes a case may not require a new valuation in order to go ahead.
- LTV up to 100%
- Terms from 3 – 30 years
- Loans from £3,000 upwards
- Adverse considered
- Fixed and variable rate options available
- Second charge loan specialist in-house
- Products with no ERCs available