Home owners are in a very strong position

Homeowners have choices if they wish to raise capital, they could re-mortgage or take out a second charge loan secured on the equity within the property.

The latest data released has revealed that the average value of a house across the country is at an all-time high. This information puts the homeowner in a very strong position if they are contemplating raising finance and using the home as security.

Second charge lending has made huge strides in the last 6 years and now should be considered before any decision is made about re-financing your property. Second charge lending offers a fast and effective way to raise capital at a very reasonable cost.

Interest rates and set up costs offered by lenders have reduced significantly over the last couple of years in line with the mortgage market.

In the past re-mortgaging was by far the most popular route taken when fund raising was required but not anymore.

The range of second charge loans are increasing every day with more flexible repayment methods being offered which has found favour with the borrower. Repayment periods are flexible and are generally set to suit the client’s wishes.

As a homeowner now is a very good time to borrow money using your home as collateral. A second charge loan WILL NOT suit everybody, so, if you wish to raise funds do contact a qualified adviser as to the options open to you.

Can we help?

Please do make contact if you wish to know more about raising capital using your home as collateral.