THIS NEW SECURED LOAN FACILITY HAS BECOME AVAILBLE TODAY.
Shawbrook Bank, a niche lender has broken new ground with this product.
This will give credit worthy homeowners the ability to raise additional funds up to 95% of the current value of their property.
I can see two areas where this 95% second charge lending will be useful.
1) Existing borrowers with their present mortgage arranged on an interest only basis who do not want approach their existing lender in case this option is withdrawn.
2) Existing borrowers on very competitive tracker rates who no longer meet lender current lending criteria.
Note. All cases are subject to a full lenders underwriting and assessment
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff.
We will give you independent impartial advice on every lender every mortgage.
Your initial consultation is free with no obligation
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
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