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£35k for home improvements with a Second Charge mortgage, in 7 days

July 31, 2018

home-improvement-man

Loan: Second Charge Mortgage
Amount: £35,000

Here's how we helped one of our broker's customers fund a home improvement project in just 7 days from the application being received from the customer:

Situation

A client was introduced to Enterprise Finance needing £35,000 for funding home improvements. This included replacing the roof, rebuilding the staircase and converting the loft into an en-suite bedroom - transforming the property from a 2-bed to a 3-bed house.

Solution

The client had existing equity in their first charge mortgage and did not want to raise additional finance through a further advance or a remortgage due to high redemption penalties.

Result

In just 7 days...

The client received their funds - a £35,000 Second Charge mortgage... as simple as that.


With rates from 3.73%, LTV up to 95% and lending criteria up to £2m – Second Charge mortgages can be used for a wide variety of reasons, and clients. So why not contact us now?

For a quick chat, a meeting to discuss opportunities, or a more complicated deal on your desk – drop us a line or give us a call today on 020 8731 5333.  

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