SECOND CHARGE RESIDENTIAL PRODUCT HIGHLIGHTS

VALUATIONS

  • AVMs available on all plans (subject to property type)
  • Master Broker to instruct valuation

BORROWING IN OR INTO RETIREMENT

  • Up to 85 at the end of the term
  • Current income used if retirement more than 10 years away
  • Affordability includes 100% pension income

'BUY TOGETHER' MORTGAGES

  • Up to 4 applicants accepted with all incomes considered
  • Main applicant minimum age 21

MINIMUM INCOME £15k

  • For at least 1 applicant
  • Income from second jobs accepted - 12 month history required
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IMPAIRED CREDIT HISTORY

  • Small or life events allowable
  • Up to 3 CCJs and 2 missed mortgage payments allowed up to 75%
  • CCJs and defaults of up to £500 ignored

FOCUS ON FLATS

  • Up to 70% LTV for flats above commercial premises
  • Ex local authority flats and maisonettes to 75%

INTEREST ONLY

  • Scheme limits
  • Max loan size including fees £250k
  • If sale of security - no evidence required

FIXED & VARIABLE PRODUCTS AVAILABLE

  • Range of 3 or 5 year fixed and variable rates
  • Full initial product terms from completion date

MODERN TECHNOLOGY & PROCESS

 

  • Product available through Master Brokers only

  • 100% online application - no paper required

  • Auto-cascade system - both ways - results in the right product and rate for your customer

  • Auto-email updates and 24/7 case tracking keep you fully informed at key stages of the process