Welcome to my first blog
The secured loan industry is an exciting place to be right now , with lenders constantly making changes to their criteria and bringing out new and innovative products.
Secured loans offer a fast and flexible way for your client to access the equity in their property. Help your clients raise the additional finance they need that is not possible with a traditional first charge.
Secured loan interest rates start as low as 4.7%, which is now comparable to mortgage rates. Loans are available up to 95% LTV on residential property and 85% LTV on Buy to Lets.
Loans with Hoskin Home Loans typically complete in three weeks and there are no upfront costs for the borrower.
I had a client today who was looking to raise one hundred thousand pounds to extend his three bed semi detached house , the client was passed to me by his mortgage broker who was reluctant to arrange a re-mortgage as he had only recently arranged a product transfer with a two year low rate fixed term.
The mortgage broker realized that a Secured loan would be the right option for his client now and we have sent papers out for a loan with Paragon Personal Finance.
A secured loan or second charge mortgage as they can sometimes be referred to can be used for many reasons , including home improvements , debt consolidation , car purchase , holiday , to repay a tax bill and in some instances can be used for business purposes . Basically any legal purpose would be considered.
To find out how a secured loan could help one of your clients simply call 01621 876030 or if you would like a visit from us then please drop me an email to ian.chambers@hoskingfinancial.co.uk
Kind regards until the next time,
Ian Chambers
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Hoskin Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority number 613005. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
