Secured Loans
£1,700 Monthly Savings Secured Through Second Charge Mortgage
Sometimes, debt consolidation can be complex, especially when multiple repayments and high monthly outgoings are involved. However, our expert brokers structured a second charge solution that simplified our client’s finances, delivered significant monthly savings, and completed in just seven working days
Taking Back Control: How a Second Charge Loan Transformed Our Client’s Finances
Our client came to us seeking a way to simplify their financial commitments and ease the pressure of rising monthly repayments. By structuring a second charge loan at 87% LTV, we provided a fast, flexible, and affordable solution that allowed them to consolidate their debts, reduce their monthly outgoings, and regain control of their finances, all without delays or additional costs.
The Challenge
Our client was facing increasing financial pressure, with multiple debts resulting in total monthly repayments of £2,152.32. They needed to consolidate their borrowing into a single, affordable payment, but time and cost were key factors.
They wanted a solution that would:
- Reduce their monthly commitments
- Avoid valuation fees and waiting times
- Complete quickly to relieve immediate financial strain
- Leave their existing mortgage in place without first charge lender consent
What We Did
After carefully assessing their circumstances, we identified a second charge loan as the most suitable and efficient option. We:
- Secured funding at 87% LTV to meet their full consolidation needs
- Arranged a product that required no valuation, saving both time and money
- Proceeded without first charge lender consent, simplifying the process
- Worked efficiently with all parties to ensure completion in just 7 working days
The Outcome
The results were transformative:
- Monthly repayments dropped from £2,152.32 to £444.56, freeing up over £1,700 each month
- The client consolidated their existing debts into one simple, affordable repayment
- The entire process was completed swiftly and without complication
By leveraging a second charge loan, we delivered a practical, stress-free solution that empowered our client to take back control of their finances and focus on their future with confidence.
