In August, we completed a second charge mortgage that reduced a client’s monthly credit payments by 70%

We were approached by our broker partner because their prime client, earning £45,000 a year, wasn’t able to get a High Street mortgage to consolidate his debt since he’d only been in his new job for 4 months.

Working with our specialist lender partners, we were able to arrange:

·         £79,000 second charge mortgage

·         Behind £170,000 first charge

·         79% LTV

·         2-year fixed rate of 6.79%

That consolidated personal loan and credit card debts built up whilst making substantial home improvements, reducing his monthly outgoings from £2,112 to just £624 per month – a reduction of 70%. And with less than a month between enquiry and completion, he was able to take advantage of the monthly reduction very quickly. 

If you have clients in similar situations and you’d like to know more, call us on 020 8731 5333, email sales@enterprisefinance.co.uk or click below for a quote.

The Enterprise Team