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October 25, 2016

Second Charge Mortgage [VERY Quick Case Study]

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 The Problem

  • A couple had property valued £260,000 mortgage, with £50,000 with C&G
  • The husband was 58 years old with an income of £12,800 & £4000 private pension
  • The wife was 54 years old and had an income £17,000 & £1,100 private pension
  • They had £100,000 of unsecured debt which cost them £2,508 PM
  • A remortgage was not possible because of clients’ age, pension income

The Solution

  • Enterprise advised on and arranged a £50,000 second charge loan which cost £868 PM, with £12,000 HP - £500 PM, £38,000 C/C - £1140 PM)

Sound like something one of your clients might need? Then check out this short video about second charge mortages for more information. 

Find out more about our second charge mortgages
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Enterprise Finance Ltd is authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 302964. Certain types of loans are not regulated, for example loans for business purposes or certain buy-to-lets. Enterprise Finance Ltd is registered with the Information Commissioners Office.

Registration Number: Z6765361 Enterprise Finance Ltd is registered in England and Wales. Company Number: 04440152. Registered Office Address: 3rd Floor, Premiere House, Elstree Way, Borehamwood, Hertfordshire. WD6 1JH.
This information is intended for professional intermediary use only and must not be distributed to potential customers

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