SECOND CHARGE LOANS
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 and for 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.
Second Charge Loans can be used for almost any legal 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