Second Charge Mortgage for a loft conversion in Cornwall - June 3, 2019

Area: Newquay, Cornwall
Loan amount: £110k
We were contacted by an existing client who had used our services to find their mortgage three years previous. They were now looking to raise the funds to convert their loft into an additional living space.

They were already on an attractive tracker mortgage with a low rate which we had secured for them. Upon contacting their current lender directly they were told that they were unwilling to lend them any additional funds unless they were to relinquish their current deal.

Understandably, the client did not wish to do this and so came back to us for further advice. We passed their enquiry to our Specialist Lending team who, following a fact find of their current situation and the plans they had for the loft conversion, were able to secure an attractive 2nd charge deal against their property. This in turn allowed them to fully fund the cost of the conversion whilst also keeping their current mortgage rate which they were reluctant to let go.

Are you in a similar position? Find out more about how we can help with Second Charge Finance solutions.

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.