July 31, 2018
Loan: Second Charge Mortgage
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:
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.
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.
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?