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SECOND CHARGE MORTGAGES WITH NO ERCs

Second charge mortgages of the month - July 2018

Product area of the month

 

We’re not choosing a specific lender this month, but a type of product that is introducing the concept of second charge lending to a new group of potential clients.

 

There are now a limited number of lenders that are offering fixed rate second charge loans with no ERCs. This means that clients have the stability of knowing their exact payments each month and the peace of mind that, if they choose to refinance at any point, they can do so without penalty.

 

It’s a great product that makes raising funds on a second charge more accessible to a much wider range of borrowers.

 

READ MORE about the client scenarios we’re able to assist you with

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