Second Charge Secured Loans
over £25,001
Want to see beyond the jungle? An alternative to mortgages.
P & N Associates could offer to you second charge secured loans from a number of loan providers.
Why a second charge secured loan?
When a re-mortgage may not be appropriate.
- When you have high early repayment charges with your current mortgage provider.
- When you need cash fast and a remortgage may be too time consuming.
- Where you have incurred some adverse credit since taking your mortgage out.
Other possible benefits of a second charge secured loan could be:
- No valuation fee.
- No solicitors fees.
- Up to 125% of the property value available in certain cases.
- Cash within weeks, not months.
- Rates start at 6.7% APR to typical 11.1% APR and are available
from a number of secured loan lenders.
(second charge loans only )
Disadvantages of a second charge secured loan may be that:
- Could have higher arrangement fees.
- Could have a higher interest rate to pay.
Employed, Self Employed.
Second charge secured loans are subject to status.
The Financial Services Authority does not regulate home information packs.
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Your home may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
