Recently, we supported a broker in securing a £311,000 second charge mortgage at 75% LTV for a client looking to fund significant home improvements alongside the consolidation of an existing second charge loan.
The case centred around a converted farmhouse with land and on-site stables, presenting a complex security that many lenders would struggle to accommodate—particularly at this loan size and leverage.
The client’s objective was to carry out a large double-storey extension and full internal refurbishment, requiring a substantial capital raise. As expected, the combination of a high-value loan, non-standard property, and multiple purposes created challenges in sourcing a suitable lender willing to support the deal at 75% LTV.
By carefully packaging the case and leveraging our strong lender relationships, we were able to position the application effectively and navigate the complexities involved. This approach ultimately enabled us to secure the full £311,000 required, delivering a solution that met both the broker’s and client’s expectations.
This case highlights that large second charge mortgages, even those involving complex properties or higher LTVs, are very much achievable with the right expertise. For brokers with clients seeking home improvement funding, debt consolidation, or presenting unusual security, these are opportunities worth exploring rather than declining.
If you have a large or complex second charge case, it’s always worth a conversation.
