Smart Money helps brokers client raise £413,500 to purchase a local pub. Many brokers and advisors do not realise we could help with business loans. Instead of raising capital using traditional commercial finance which could be very expensive, your client could raise money by releasing equity from their residential property using a second charge mortgage. …
Debt Consolidation could be the solution
Britain’s debt pile is mounting up as households borrowed an extra £20bn on credit cards in the last decade. Debt Consolidation could be the solution your client is looking for. Britain’s unsecured personal debt levels have continued to increase as reliance on cheap credit has not decreased. UK households have £45bn more debt on credit …
Specialist First Charge Case Study
A specialist first charge case packaged by Smart Money: • Clients were looking for a mortgage to repay their existing mortgage and to raise £25,000 for home improvements, however they had an IVA in 2010 which was settled in 2017 including 9 defaults totalling £30,591 from December 2013 to March 2014. • The application could …
Fall in UK Inflation rate
This week the UK’s inflation rate fell to its lowest for more than three years to 1.3%. The bank of England’s target is to keep inflation below 2%. The UK economy has been stagnating due to political upheaval as there was an 0.3% contraction in November 19. The assumption has been that this was a …
United Trust Bank Product Update
Today United Trust Bank announced an update for its second charge product range. New 65% LTV Price Band All interest rates reduced up to 65% LTV Old 60% LTV price band removed New 5yr Fixed Rates All 0 and 1 Status 5yr fixed rates reduced, for both ERC and ERC-free products Rate reductions of 0.15% …
Tax deadline approaches
2020 is here and the countdown to 31st January tax deadline has commenced and as post-Christmas credit card bills start to the hit the doormats, now could be the ideal time for your client to consider a Second Charge Mortgage. Suitable for Tax Bills Do you have clients struggling to pay their tax bill? Your …
Together Money announces exclusive second charge regulated bridge
Together Money announces exclusive second charge regulated bridge for Together+ members. Key features: Rates from: 0.74% to 60% LTV (8.88% pa) / 0.84% to 70% LTV (10.08% pa). Loan amounts from £25K to £2.5m (50% LTV) or £1m (70% LTV). No ERCs or exit fees. 12 month interest roll up No income or affordability proof …
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mortgage brokers and the property market
The Boris Bounce could add a shot of adrenaline to the property market and mortgage brokers could benefit too. Last week the country went to the polls and the political landscape shifted dramatically across the UK. The financial markets reacted positively to the news as it was announced. Rightmove now predicts house prices are to …
A Second Charge Solution!
Now could be the best time to remind your clients the reasons why to use a mortgage broker and how a Second Charge Mortgage could help your clients finances after the Christmas period. As Christmas approaches this time of year can be difficult financially for many. 68% of people are unable to comfortably afford Christmas …
Innovation in the property market
The government has fallen short of its original 300,000 target for building new homes and achieved 240,000 over the past 12 months. Innovation in the property market is needed to reach the government target. To meet the shortage of homes new methods of building homes are being introduced including modular construction methods. This could speed up …
