With so many different options for raising finance available, it is often not easy choosing which is best for your circumstances. We can help you decide and sometimes provide additional options that you haven’t already considered.
We can help in a variety of situations:
• Equity trapped in your home but you are ‘tied in’ with your current mortgage provider.
• Need to raise money quickly to pay off debts or take advantage of short term opportunities.
• Your employment circumstances may have changed which has restricted your ability to remortgage.
• Existing debts that you would like to consolidate.
• Self employed and unable to prove your earnings from your accounts
If any of the above apply to you then your best solution may be to take out a secured (second charge) loan.
With a secured loan you keep your existing mortgage in place and (subject to status) release up to 100% of the market value of your house minus the existing mortgage debt.
It is a quick and painless process that can complete within 3 weeks (subject to all paperwork falling within normal lending criteria).
In all cases we would look to raise the finance you need from the most appropriate source, offering not just the best rates but the best terms as well. If the most appropriate solution for your situation is to release equity from your property with a secured loan, we will assist you in the quickest and most cost effective manner giving you access to your funds as soon as possible.
The benefits of this type of finance are:
• Loans can be arranged very quickly – 14 to 28 days
• No proof of income – no problem!
• Self employed – we can help
• The finance can be used for any (legal) purpose
• You can borrow up to 100% of the value of your property
There are a couple of downsides to consider:
• Most lenders will apply an early repayment charge within the first three years
• The rates aren’t as competitive as residential mortgages