Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage
Remortgage
We could raise monies for various projects or to improve cash flow. And home improvements as moving may not be an option / too expensive.
Further Advance
Remortaging not an option just yet, then we can look to borrow more from current lender. Maintain main mortgage at lower LTV% and avoid ERcs.
And when the time is right, we can aim to combine them. And if the above can not be done?
Second (2nd) Charge
2nd Charge lenders have greater flexibility. may be useful if other options currently not available due to income, credit or current lender issues.
Bridging Finance
Short term finance usually up to 12-18 months.
Allows quick finance to complete an objectives before moving to a longer term arrangement.
Should have clear exit strategy.
Equity Release
Useful for elder customers with plenty of equity but may not qualify for a mainstream mortgage.
Can be repaid if example downsizing, circumstances change or a family member later takes over the property.
Commercial / Development Finance
Used for commercial / business purchases or refinance. Also for property development projects.
These additional solutions are by referral only. Their collective lending power can allow lower Rates & Fees!
Even when government schemes such as Help To Buy were available we made it clear these should only be used if one has good sufficient income but simply not have had the chance to save up the required deposit. H2B brought some time to do just that. But many used that option to buy properties that were basically above their budget and now are stuck in a H2B contract or in some negative equity as they still don’t have the savings or the income to cover the full mortgage with the H2B element!
Many have been able to make their initial residential purchases into an investment property and moved on. Due to their positive change in personal circumstances, they have retained a property and used that to help with an onward purchase. Otherwise it has just become a self-financing long term investment property in the background for their future. Or off course they may choose to stay put and purchase an additional property for investment purposes.
And don’t forget to protect yourself, your family and your assets!
📞 0330 3112 707
For information regarding Personal or Business Protection:
Max Capital forms part of Max Mortgages Ltd and has been established to help protect our clients’ protection interests. Through careful assessment, research and on going support, Max Capital works to ensure suitable solutions are considered based on individual circumstances whilst Max Mortgages focuses on your borrowing needs.
Info on Mortgages Click Here
Protection plans are subject to terms, conditions, exclusions and underwriting.
Not all claims will be accepted, and the availability and cost of cover depends on individual circumstances.