Enquiry: A broker approached us on behalf of a homeowner looking to raise capital for debt consolidation and home improvements, while tied into a low-rate mortgage with early repayment charges.

Challenge: Remortgaging would have triggered significant ERCs, making it financially unviable to exit the existing deal despite the need for additional funds.

Solution: We arranged a second charge mortgage, allowing the client to retain their existing low-rate mortgage while unlocking the required capital. The case was completed efficiently, ensuring minimal disruption and a quick turnaround.

Loan Amount: £60,000
Property Value: £750,000
Combined Loan to Value (LTV): 82%
Completion Time: 12 days from initial enquiry