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Case study: 15 days to secure a Second Charge mortgage during lockdown

Modern residential apartments specialist finance
Second charge mortgages | Enterprise Finance

Loan type: Second Charge mortgage


Loan value: £150,000


LTV: 45%


Rate: 3.91%


Loan term: 24 years


Shifts in the economy will always have an impact on borrowing, and the COVID-19 pandemic was no exception. Sudden changes to interest rates and risk often mean reduced options for borrowers and this is when the specialist finance market really comes into its own. When the high street lenders are not an option, working with an expert finance distributor can provide access to a wider range of options and in this case, an often-unseen speed of delivery with a Second Charge mortgage.

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