Loan amount: £80k
An existing client who took out their mortgage with us two years ago recently contacted us as they were looking to raise the funds to convert their loft into an additional living space. They were already on a fantastic low rate tracker mortgage which we secured for them, but by being so, upon contacting the lender directly they were told that they would not lend them anymore unless they would relinquish the current deal.
Understandably the client did not wish to do this and so came back to us for further advice. We passed the enquiry to our Specialist Lending team who were able to secure an attractive 2nd charge deal against their property. This in turn allowed them to fully fund the cost of the loft conversion whilst also keeping their current mortgage rate which they were reluctant to let go.
To discuss your individual situation and find out how we can help with your bridging and specialist finance needs, call our Specialist Lending Department on 01249 474956.
Alternatively, fill out the form below and we will be in touch at the time of your choosing.