According to recent studies, existing homeowners are moving less frequently than they used to. With the cost of moving now more expensive than in the past, 48% of homeowners in the UK have plans to spend money on home improvements projects in the coming months – more than those heading away for a summer holiday.
So, how can you help your clients with funding for home improvement projects?
30% of Enterprise Second Charge mortgage completions last year were for home improvements.
Second Charge mortgages can prove an extremely useful option for raising funds, often ideal if:
- A remortgage or unsecured loans don’t suit your client;
- They want to avoid paying an Early Repayment Charge on an existing mortgage;
- The interest rate on their current mortgage is really low and they do not want to lose it by remortgaging.
Second Charge mortgage key features:
- Rates from 3.65%
- Loans available up to 95% LTV
- £10,000 to £2m lending criteria
You may believe Second Charge mortgages are difficult to arrange – but with Enterprise it’s simple… With a two to four-week completion average, we can quickly help your clients access a range of competitive lenders and see their application through from enquiry to completion.
For more information, drop us a line to discuss your clients’ needs or give us a call today on 020 8731 5333.
