Our product of the month is the growing number of buy-to-let second charge mortgages that register an equitable charge rather than a legal charge, which means they can be used where the first charge lender would ordinarily decline consent to a second charge.
Equitable charge loans are available up to 65% LTV and up to £50,000. We currently have access to an equitable charge loan from Together for 5.97% on a capital and interest repayment basis. For clients who want interest only repayment, rates are available from 6.29% on products from Together and West One.
READ MORE about the client scenarios we’re able to assist you with