Client Secures £311,000 Second Charge Mortgage for Home Improvements and Consolidation

May 17, 2024

Recently, we had the opportunity to assist a client in raising £311,000 for home improvements and consolidation of an existing second charge mortgage.

The challenge? Our client required a large exception of £311,000 at 75% Loan-to-Value (LTV) for a large double story extension and internal refurbishment, which was secured against their converted farmhouse that featured on site stables and a large plot of land.

Despite these challenges, our team worked diligently and navigated through the complexities of the application to secure the finance needed. By utilising our strong relationship with the lender, this allowed us to ensure we were successful in obtaining the necessary funds for the client.