SECURED LOANS

A second charge loan (sometimes referred to as a secured loan) is an ideal option to release equity from your clients property. At Crystal Specialist Finance, we can offer second charge loans on almost all types of property – residential, commercial or buy-to-let.

CAN'T REMORTGAGE? NO FURTHER ADVANCE?

Second charge lending is an excellent solution for a client that may not have access to a further advance due to i.e. remortgage declines. It also provides a finance avenue for clients who don’t want to disturb their main mortgage, which may have a an excellent rate or be on an interest only product that may not be available today.

BUY-TO-LET / COMMERCIAL SECOND CHARGE LOANS

Unlock the equity in your clients buy-to-let or commercial property. We have market-leading rates available on long-term or short-term products.

Loans can be used for almost any purpose: buy additional property, VAT / Tax bill, working capital, repay creditors, refurbishment, or any legal reason you can think of.

NO CONSENT / NO VALUATIONS POSSIBLE

In some cases we can work with a lender on panel who does not require consent from the first charge lender.

Sometimes a case may not require a new valuation in order to go ahead.

HIGHLIGHTS

  • LTV up to 100%
  • Terms from 3 – 30 years
  • Loans from £3,000 upwards
  • Adverse considered
  • Fixed and variable rate options available
  • Second charge loan specialist in-house
  • Products with no ERCs available

"Second charge lending is playing an increasingly significant role in the specialist sector, with more products available and rates coming down."

Frances Winstanley – Head of Second Charge Loans

CASE STUDIES

Debt consolidation

SECOND CHARGE USED FOR DEBT CONSOLIDATION WITH LOW INCOME An introducer contacted us with a client who needed funds to consolidate debt that was spiralling out of control. The client was struggling with his outgoings and needed a solution that would allow for one simple payment every month. The good news?... He had a clean...

Overdue Tax bill

OVERDUE TAX BILL FINANCED WITH A SECURED LOAN A broker approached us with a client who needed funds to clear an existing second charge loan and pay a tax bill. The case was declined by a high street lender due to the high LTV (95%), the client's overdue tax bill from previous years and his...