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 not be placed with mainstream lenders due to the historical adverse credit issues.

• The application was placed on a 2-year fixed rate at 5.99% enabling them to carry out their programme of home improvements.

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