Debts

bad credit history

Do You Have A Bad Credit History?

Do you have a bad credit history?

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We are working with a specialist provider of residential second charge loans and mortgages, lending to customers who are unable to obtain finance from traditional high street lenders.

There are many reasons why the High Street declines someone, here are a few reasons.

  • You may have up to six months current mortgage arrears, due to personal unforeseen issues? Usually, any arrears are an auto-decline on the High Street.
  • This understanding extends to arrears on subsequent charges, following the main lender. Many second charge lenders will allow such a credit blip.
  • Loans of up to £100,000 may be available, with higher limits upon underwriter referral.
  • Any amount of CCJ’s and defaults, past and present, may be considered.
  • Do you have a pending bankruptcy action for Income Tax? We can help, as this issue is becoming more common.
  • Loans are also available on Buy-to-Let properties.
  • As well as vanilla Standard Variable Rates, both 3 and 5 year fixed rate plans are available.

Let us say “Yes, we can help” – Do you have a bad credit history?

Office Telephone: 01379 644061

Office Mobile:  Call, SMS, Text, Whatsapp, BBM or Viber, 07951 238527

THINK CAREFULLY BEFORE SECURING ANY LOAN AGAINST YOUR HOME

For your no-obligation quote, click HERE…

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A reduction in outgoings

A Reduction In Outgoings

A reduction in outgoings.

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Second Charge mortgages can offer the ideal alternative to a remortgage, further advance or unsecured loan. This is why they can be really useful for those who desperately need to reduce their monthly outgoing costs.

Here’s how a customer was helped to reduce their monthly outgoings by £291 a month, in just 6 days from the application being received from the customer:

Situation.
Unsecured debt balance: £25,000
Average monthly payments: £666
The client needed to consolidate her debts to reduce her monthly payments. In addition, she wanted to finance a new bathroom at a cost of £5,000.

Challenge
The client did not want to raise additional finance through a further advance, or a remortgage due to the resulting high redemption penalties.
The client had already been rejected for unsecured loans because of her high outgoings.
Plus, the client wanted protection against possible rate increases for 5 years and the ability to overpay without penalties.

Solution
In just 6 days, the customer received their funds:

  • £30,000 over a 20-year period
  • Monthly payments reduced to £375, which is a £291 reduction in their outgoings each month
  • Fixed-rate for 5 years
  • No Early Repayment Charges, allowing them to remortgage later, or make overpayments anytime

With rates from around regular mortgage rates and loans of up to £2,000,000,  Second Charges can be used for a wide variety of both reasons, and clients. So why not contact us now?

Let us say “Yes, we can help” – A reduction in outgoings

Office Telephone: 01379 644061

Office Mobile:  Call, SMS, Text, Whatsapp, BBM or Viber, 07951 238527

THINK CAREFULLY BEFORE SECURING ANY LOAN AGAINST YOUR HOME

For your no-obligation quote, click HERE…

Return to Homepage HERE

Second charge mortgages

Why Should You Consider Second Charge Mortgages?

Why Should You Consider Second Charge mortgages?

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Second Charge Mortgages can be considered as a viable solution for debt consolidation, and they provide products that are affordable and sustainable.
There are few restrictions on meeting criteria and they can offer full consolidation almost no matter what the level of unsecured debt. This reduces your monthly commitments and outgoings, as many of these debts are a percentage of loan outstanding each month, and often place a financial strain on you.

  • We can help you on the journey back to high-street lending.
  • No limit consolidation
  • Loans up to £1,000,000
  • Loans of up to 95% of your property value
  • All credit profiles considered

Better Rates
Here, we don’t rely solely upon generic or data-driven, tick-a-box sourcing systems. Around half of our cases have found a better solution and interest rate by being underwritten manually, compared to those presented electronically, as we have a deeper understanding on the human side of underwriting and lending. Your personal circumstances are always taken into account.

Experienced Advisors
We rely on a team of personnel that are minimum CeMAP qualified (the industry standard) and with a minimum of 5-years experience in second charge mortgages and loans, therefore you can be assured of a responsible outcome.

Let us say “Yes, we can help” – Second charge mortgages

Office Telephone: 01379 644061

Office Mobile:  Call, SMS, Text, Whatsapp, BBM or Viber,  07951 238527

THINK CAREFULLY BEFORE SECURING ANY LOAN AGAINST YOUR HOME

For your no-obligation quote, click HERE…

Return to Homepage HERE

Recent Bad Credit

Recent Bad Credit

Recent bad credit:

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We have been working with a specialist provider of residential second charge mortgages lending to customers with recent bad credit, who are unable to obtain finance from traditional high street lenders. This can be for a variety of reasons, including such issues as mortgage arrears, Court Judgements, pending bankruptcy, Etc.

  • Up to six months current mortgage arrears accepted
  • Arrears on subsequent charges ignored
  • Up to £100,000 (more on referral)
  • Any amount of CCJs and defaults (past and present)
  • Pending bankruptcy action
  • Income tax issues and/or payment problems
  • Also available on BTL properties
  • Variable interest rates, or 3 and 5 year fixed plans available

This plan allows you to “buy” some breathing space if you have financial issues or problems.

Let us say “Yes, we can help” – Recent bad credit

Office Telephone: 01379 644061

Office Mobile:  SMS, Text, Whatsapp, BBM or Viber,  07951 238527

THINK CAREFULLY BEFORE SECURING ANY LOAN AGAINST YOUR HOME

For your no-obligation quote, click HERE…

Return to Homepage HERE

second charge loan identifier

Second Charge Loan Identifier

Second charge loan identifier:

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Sometimes, a second charge loan can be a better solution than a remortgage, but it’s not always easy to know when. That’s why we’ve put together the second charge loan identifier.

When a second charge loan works better than a remortgage:

When you are on a low SVR or base rate tracker mortgage which is too competitive to remortgage away from but still want to raise additional funds.

When you are on an Interest-Only mortgage; A remortgage will force you onto Capital and Interest, often raising payment to an unaffordable level.

An excellent solution for recently self-employed people, and those who need to work off projected figures to prove income.

For those with adverse credit in the last 3 years.

For those who wish to raise money on Buy-to-Let properties.

A Second Charge can be used for almost any purposes (consolidation, business purposes, tax bills, etc)

Product overview: 

Loan amounts from £10,000 – £2,500,000

Low interest rates

Up to 95% of property value, sometimes 100%

Adverse credit registered over 12 months ago may be ignored

Fixed rates are also available

1st and 2nd charge BTL loans available

There is the ability for cases that are outside criteria to be referred

Interest-Only products are available

Can raise money on residential property for business purposes

Let us say “Yes, we can help” – For second charge loan identifier assistance

Office Telephone: 01379 644061

Office Mobile:  Call, SMS, Text, Whatsapp or Viber  07951 238527

THINK CAREFULLY BEFORE SECURING ANY LOAN AGAINST YOUR HOME

For your no-obligation quote, click HERE…

Return to Homepage HERE

For Buildings and Contents Insurance, Click HERE

Debt consolidation

Debt Consolidation

Debt consolidation.

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I have a thought for you on Debt Consolidation – As rates start to creep up, many of you are likely to consider some form of consolidation, to place all your expensive commitments into one less-expensive loan.

But will higher rates put pressure on lender affordability calculations, or might you already be struggling with your existing commitments?

Here’s where a loan can help right now:

  • Less risk and hassle for you – Our process can access the lenders’ credit search and can take on the entire advice process so that you can achieve the best outcome
  • Sole purpose debt consolidation – even if the loan is over £100K, the whole amount can be used to consolidate debt
  • Even with missed payments – our lenders will accept mortgage and unsecured arrears, CCJ’s, and even settle debt management plans (DMPs)
  • Generous affordability – Without loan-to-income caps that are used for mortgage calculations, our lenders are more interested in your income and outgoings
  • Other loan purposes – often consolidation is in conjunction with tax, business investment, marital splits or other personal use
  • Low Early Repayment Charges with an option to remortgage later – Consolidation now could make a remortgage at Prime rates easier in the future?

And finally…. For when your “Bank says No!”

…..We can often say “Yes” – Debt Consolidation

Office Telephone: 01379 644061

Office Mobile:  Call, SMS, Text, Whatsapp, BBM or Viber,  07951 238527

THINK CAREFULLY BEFORE SECURING ANY LOAN AGAINST YOUR HOME

For your no-obligation quote, click HERE…

Return to Homepage HERE