December 20, 2016
December 20, 2016
Restructuring unsecured debt can reduce monthly outgoings hugely...
... but to do so with a first charge mortgage, clients often run into conventional income multiple limits on affordability.
Second charge lenders will start at 6 times income, by taking into account the positive impact on reduced outgoings after debt consolidation.
This can make the client’s net debt costs more affordable on a monthly basis - the high street normally won't do this.
This information is intended for professional intermediary use only and must not be distributed to potential customers.
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: The Edward Hyde Building, 38 Clarendon Road, Watford, WD17 1JW.
This information is intended for professional intermediary use only and must not be distributed to potential customers