We secured a £40,000 second charge mortgage within 24 hours for a portfolio landlord who needed immediate access to funds. By utilising rental income across the client’s UK property portfolio and a desktop valuation, the case was offered and completed at exceptional speed.
We recently helped a portfolio landlord raise £40,000 through a second charge mortgage, with funds required urgently to meet a strict deadline.
The client needed access to capital within a matter of days and wanted a solution that would not disturb their existing mortgage arrangements. Speed was therefore the primary consideration.
Working alongside Selina Finance, we were able to secure a solution using a desktop valuation, removing the need for a physical inspection and helping to accelerate the process. The lender was also able to utilise the client’s UK land and property income as part of the affordability assessment, providing a straightforward route to approval.
The application was offered within 24 hours of submission, and thanks to Selina’s e-sign facility, the case completed on the same day as the offer was issued.
This case highlights how second charge mortgages for portfolio landlords can provide fast access to capital, particularly where specialist lenders can take a pragmatic view of affordability and utilise technology to streamline the process.
