Second Charges

Second Charge Mortgages with TFC Homeloans

A second charge is an alternative to a standard first charge mortgage. If your client has a low interest rate or early redemption charges on their current mortgages then conducting a remortgage to capital raise may not be the best way to go.

TFC do not charge an application fee, a completion fee will be charged.

We can offer a first and second charge mortgage comparison to make an informed decision. As a second charge is a regulated loan it does form part of the advice process.

Money can be raised for any personal reasons such as

  • Loan sizes ranging from £25,000 – £2,500,000
  • Large income multiples
  • Adverse over 12 months ignored and under 12 months considered
  • Buy to Let and business loans
  • Completions possible in as little as two weeks
  • We may be able to source finance for bankruptcies, IVAs, DMPs, CCJs, and mortgage arrears
  • Renovations and home improvements
  • Debt consolidation
  • Emergency capital requirement (family loan etc)
  • Potentially cheaper than remortgaging
  • Avoiding early repayment fees on existing mortgage
  • Better/longer terms available than unsecured lending
  • Flexible terms for self-employed
  • Can help rebuild a clients credit record
  • Holidays, school fees, tax bills
  • Business purposes and assisting with investment property purchases

Borrowers should be made aware this is an additional charge against their property.

You can advise (check Network terms) or just introduce your case to us.

Retain your client (no cross selling)

1APP can provide documented evidence of research to compare products.

Simply login to 1APP and input 1set of data to receive all you will need.

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