A fast and flexible funding solution helped our client access the cash they needed for home improvements just two weeks after purchasing their new home.
Our client had recently completed the purchase of their new home and wanted to start making home improvements straight away. However, as all of their available cash had been used for the property deposit, they needed to raise additional funds quickly.
We secured a £50,000 second charge mortgage within 48 hours, providing the client with the flexibility to start renovations, eliminated the need to rely on unsecured credit as their first charge lender declined further borrowing.
As the clients have continuous mortgage history, the lender did not require the first month’s mortgage payment to be made before completion. Additionally, no valuation was required, as the lender worked from the property’s purchase price, streamlining the process even further.
This case highlights how second charge mortgages can offer an efficient, accessible way for new homeowners to fund improvements right after completion.
