Second Charge - TFC Homeloans

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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