New Year’s Resolutions – we all make them, but it’s not so easy to see them through. Did you know 32% of the public have vowed to save more money this year?
But after last month’s festive season, the National Debtline Charity estimates 7.9 million will have fallen behind with their finances. This is 11% higher than a year ago.
Unlike many other New Year ‘fads’ – the saying ‘out of sight, out of mind’ doesn’t really apply to a negative bank balance.
However, it’s very difficult meeting a New Year’s resolution of saving, with a mountain of existing unsecured debts. Many, spread debt across several credit cards – which can often accumulate high monthly interest payments.
So, how can you help?
If your clients approach you with a need to consolidate their debt to make paying it off more manageable on a day-to-day basis – it may be worth considering second charge mortgages.
Key features include*:
- Rates from 3.73%
- Loans available up to 95% LTV
- £10,000 to £2m lending criteria
…plus, we can take on all of the paperwork and responsibility for the advice.
Do you have clients with a need for a second charge mortgage? For more information, drop us a line or give us a call on 020 8731 5333.
* The rate and term available is dependent on your client’s financial circumstances
