TFC Homeloans has impressive expertise when it comes to second charge mortgages. We have achieved offers in a matter of days and our lender panel has been developed to provide solutions for as many borrower circumstances as possible.
Check out the case studies from our lender partner Paragon. Some of the situations include:
Second charge helps customer consolidate debt and save £950pm
Second charge mortgage avoids costly ERCs
Fund extensive home improvements
£760pm saving for home improver looking to protect existing deal
Self-employed builder able to fund property purchase
Consolidating debt to help fund home improvements
Debt consolidation case offered within one working day
Second charge mortgage funds land purchase for holiday home builders
Got a second charge case? Give TFC a call now or send us a DIP!
Precise Mortgages has reduced its minimum lending age from 25 to 21 for landlords, as well as moving select tier 2 pay rates in line with tier 1.
Furthermore, Precise has introduced a new product, designed for portfolio landlords – a five-year fix at 75 per cent LTV with a rate of 3.79 per cent, no product fee and refunds on valuation up to £630.
Notable tier 2 products put in line with tier 1, are a five-year 80 per cent LTV, at 3.94 per cent, and a five-year 75 per cent LTV, at 3.74 per cent, with £300 cashback and refunds on valuation up to £630.
However, for these two products tier 1 has a 1.5 per cent product fee and tier 2 has a 2 per cent fee.
The introduction and changes are part of both the buy-to-let and limited company mortgage ranges.
Residential Second Charge Loans launched by Precise Mortgages and are available via TFC! The new products have a very special feature!
No early repayment charges!! This is for a limited time only!
Large loan range for loans up to £500,000 - Rates from 4.25% - Fixed £1,495 product fee
Near prime range to help customers with a less than perfect credit profile - Rates from 4.75%
This is available across their full range of 2 year Tracker and 2 year Fixed or 5 year Fixed rate products. Customers with less than perfect credit profiles can be accepted. Large loans up to £500,000 and up to 85% LTV can also be considered.