This is a Packager Service deal only and these figures are just a summary ONLY!
Key Points
Funding Summary
| Loan Type | 2nd Charge Business Loan |
| Interest | From 1.01% per month |
| Loan To Value | Up to 75% |
| Completion Fee | 3% |
| Processing Fee | 2% |
| Term | 3 – 12 months |
| Loan Amount | £25,001 – £100,000 |
| Simplified Process | Yes |
| Available to Individuals | Yes |
| Available to Limited Companies | Yes |
| Valuation Required | No |
| Solicitor Required | No |
| Adverse Credit Option | Yes |
| Non-Status Option | Yes |
| No Consent from 1st Charge Lender Option | Yes |
| Property Ownership | Existing property owners ONLY |
| Quick Completion | Yes, 72 hours possible |
Simple Process
How It Works
1
Website Enquiry
2
Terms Agreed
3
Processing
4
Documentation
5
Sign Documents
6
Completion
Homeowner Business Loan Uses
When to Use
1
Clients with a 1st Charge Mortgage
Use this facility if you have a current 1st charge mortgage on the property but require further funding without disturbing the existing mortgage.
2
Clients Needing Business Cashflow
Use this facility if you require short-term business cashflow without the need to service monthly repayments.
3
No Consent from 1st Charge Lender
Use this facility if your current 1st charge mortgage lender has refused to give consent for 2nd charge funding.