Smart Money provides Second Charge Mortgage for client with adverse credit history within 15 working days from the initial enquiry. We recognise perfection does not exist and when a re-mortgage is not feasible a Second Charge Mortgage could be the most suitable alternative. Working with our broad range of specialist lenders we match your client’s …
Regulated Bridge Case Study
Smart Money Can Provide A Regulated Bridge For Any Legal Purpose Including To Avoid Repossession. Working with the leading bridging finance providers throughout the UK, Smart Money has recognised the importance of how a regulated bridging loan can often lead to the best customer outcome. One of our recent examples was to provide a bridging …
Property market latest statistics
Last year the UK faced uncertainty due to the political chaos. Now we have a majority government in place could we be in for a smoother ride. We have now left the European union officially but as we are in the transition period for the next 12 months to negotiate our trade deal with the …
Secured Loan mortgage market up by 14%
A Second Charge Mortgage also known as a secured mortgage loan is being recognised as a viable option. This week the latest figures were released from the Finance and Leasing Association for the Second Charge Market which has increased by 14% between October and November 2019. Data collected shows that lenders agreed a total of …
unregulated Buy-To-Let Mortgages can secure properties which are deemed un-mortgageable
Our specialist unregulated Buy-To-Let Mortgages can secure properties which are deemed un-mortgageable on the high street. At Smart Money Finance we receive a wide range of Buy-To-Let cases daily. One of our most recent cases involved a broker’s client who purchased a semi-commercial property consisting of a three-bed flat and shop below. The property was …
Brokers client purchases a local pub
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% …
