As you will know, some home improvements, such as a new kitchen or bathroom, an extra bedroom, a loft conversion or a conservatory will increase the value of your client’s home. It’s worth discussing with your clients whether they have any plans to improve their home, as they may not automatically think of you as the person they need to talk to, to raise the funds.

What they won’t know is that the very nature of home improvement work makes a second mortgage an ideal finance solution for raising funds if a further advance is unavailable and a remortgage is too expensive. Available across a term of up to 30years and from rates as low as 2%, monthly repayments can be tailored to suit your client’s budget and with penalty free over payments and no early repayment charges (ERCs), the flexibility is perfect for the purpose of large home improvements.

And remember if the customer wishes to remortgage in the future and benefit from the increased value of their property they can do so without punitive settlement penalties.

We have a vast range of products available for all circumstances, young or old, good credit or not so good credit, employed or self-employed.

Using market data and input from property experts in the UK, we’ve developed a home improvement blueprint widget that can help your clients prioritise their home improvements according to the estimated impact on the value of their home. Check it out!

If you’d like to find out more about how second mortgages can help your clients, email us at introducers@loan.co.uk and we’ll arrange training tailored to your requirements.  Or you can give our team a call on ‪0345 450 4678, and they’ll be happy to answer any questions you have.