Second Charge

Latest News

Crystal News

Exclusive Precise Mortgages Right to Buy Offer Launched with Crystal Specialist Finance

Monday 21 Nov 2016

Precise Mortgages has teamed up with Crystal Specialist Finance (CSF) to offer an exclusive Right to Buy product which features a valuation fee refund of up to £630.

This product is available to all local authority or housing association tenants in England who want to buy their house through the Right to Buy scheme. Brokers can find out more details by selecting Crystal Mortgages in the payment route on the Precise Mortgages portal or by contacting the CSF team direct.

Rates start from 5.39% for two year fixed and 5.59% for five year fixed, with 75% loan-to-value on properties of up to £500,000. The maximum discount is capped at £103,900 in London and £77,900 in other regions. Applications with some adverse credit will also be considered.

Jo Breeden, Managing Director of CSF, said: “Affordability is nearly always a critical factor in the Right to Buy sector, so to offer an exclusive product at a good rate with a refund of the valuation fee is a very welcome addition to our comprehensive panel.”

Roger Morris, Director of Sales at Precise Mortgages, added: “To make a product with this feature available through CSF demonstrates our faith in their service delivery and market reach to brokers. It’s a great product, and one that will be welcomed by council and housing association tenants throughout England.”

To take advantage of this exclusive product offer, complete our interactive online Quick Enquiry Form with your client's details and we could be working on your case within minutes.

Crystal Specialist Finance prepares the perfect financial package for Chalk and Linen

Monday 07 Nov 2016

A small Midlands-based family business has been able to open new retail premises thanks to the lateral thinking of Crystal Specialist Finance (CSF) and its portfolio of lending partners.

Jacki and Russ Ward, along with their son Dave Ward, set up their first Chalk and Linen shop nearly three years ago in Coleshill, and when the distributor of Annie Sloan Chalk Paint™ offered them the opportunity to purchase a second property in Atherstone to expand their business they had to move fast.

The Ward’s turned to their broker, Hugh Levine at Stephen Mayor IFA who contacted CSF given the specialist nature of the transaction in order to find a way forward.

The solution entailed remortgaging the client’s residential property with Pepper Home Loans to generate the deposit and then to obtain the commercial finance from NatWest’s Business & Commercial Banking team.

The CSF team then worked closely with Hugh and Andre Parcian, Broker Business Development Manager and Surbjit Kaur, Relationship Manager at Natwest in order to get the case successfully completed in a timely, efficient and affordable manner.

Hugh Levine said: “Throughout the whole process I’ve been extremely pleased with the speed and involvement of CSF. The company had a hands-on approach from the start and moved it through to completion very quickly, they were proactive, knowledgeable and engaged with the whole process.”

“All parties involved made the whole process much less stressful for us,” added Russ Ward. “We were so disappointed when we got knocked back initially, but CSF and NatWest support small businesses by making it easier. They really understood our vision and made it straightforward, exactly what we wanted as a customer.”