With two year variable rates starting from 3.57%, this could be another reason to consider Enterprise Finance for Second Charge mortgages.
We have experience in the specialist lending market so we have a wealth of knowledge on the best products for your clients’ needs.
Second Charge mortgages can be used to finance a variety of circumstances and clients. Below are just a few examples:
Common situations:
- Debt consolidation;
- Outstanding tax bills;
- Avoidance of paying ERC on an existing mortgage;
- Avoiding forfeiting low interest rates on an existing mortgage;
- Home improvements;
- Second property deposits.
Typical clients:
- Both prime and individuals with adverse credit history;
- Self-employed;
- ‘Stuck’ in their first charge;
- Buy-to-Let mortgage prisoner.
Here’s an article on how to overcome the 6 major challenges when placing Second Charge mortgages.
For more information, drop us a line to discuss your clients’ needs or give us a call on 020 8731 5333.