Loan type: Second Charge mortgage
Loan value: £150,000
LTV: 45%
Rate: 3.91%
Loan term: 24 years
Shifts in the economy will always have an impact on borrowing, and the COVID-19 pandemic was no exception. Sudden changes to interest rates and risk often mean reduced options for borrowers and this is when the specialist finance market really comes into its own. When the high street lenders are not an option, working with an expert finance distributor can provide access to a wider range of options and in this case, an often-unseen speed of delivery with a Second Charge mortgage.