Does a secured loan affect remortgaging?
Yes a secured loan can affect remortgaging.
A secured homeowner loan is a type of loan that is secured against your property at the same time as a main mortgage.
Your main mortgage lender will have the first charge on the property and the secured loan lender will have a second charge.
Not all lenders will be happy with this situation when looking for remortgage options.
Your mortgage broker will be able to assess which lenders can help.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.