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.