Can we get ahead of the game?
Specialist whole-of-market lending solutions structured across 90+ UK lenders. Rapid decisions, direct underwriting criteria, and competitive terms for complex borrowing requirements.
- Whole-of-Market Access: Over 10,000 specialist lending products
- Fast Completion Speeds: Dedicated broker underwriting for time-sensitive deals
- FCA-Authorised Guidance: 35+ years independent UK credit brokerage
Can we get ahead?
If you are going on holiday soon, do you have any second charge cases you want me to look at for you now?
Ideally, if we can get the leg work done now, we can progress everything whilst you are away.
There’s nothing particularly new on the second charge front.
However it’s worth bearing the following recent changes in mind:
- Second charge HMO rates dropped to 6.29%
- New 95% LTV product – rates from 8%
- 100% LTV available from 11% and will accept light adverse in last 12 months
- BTL – new products
- Projected rental income accepted
- Non rental income included in affordability assessment
- No stress test on first and second charge
- Portfolios – standard affordability calculations – no in depth business plans required
- Limited company and SPV’s accepted – now at lower rates
- Low value or non-standard construction
- No consent required to a second charge – Many first charge BTL lenders withhold consent
- Prime or heavy adverse catered for
- Second charge bridging up to 80% LTV – some adverse accepted and can be used to take out an existing bridge.
Property now accepted
- Flats over take away’s and mixed commercial
- High rise ex council / deck access – now lower rates
Latest Articles
Whole-of-Market Guidance for Specialist Lending Strategies
Securing competitive terms on specialist lending strategies requires expert underwriting knowledge. In addition, our specialist broker team works directly with over 90 specialist lenders across the UK.
Consequently, reviewing your specialist lending strategies options with an FCA-authorised specialist credit broker ensures whole-of-market access while avoiding unnecessary fees and delays.
Specialist Underwriting & Whole-of-Market Access
Because specialist lending facilities require bespoke underwriting, comparing lenders across the UK is essential. Explore our complete guide to Secured Loans Desk to understand how different lending criteria apply to your requirements.
Promise Money is an independent credit broker authorised and regulated by the Financial Conduct Authority (FRN 681423). Our experienced team reviews your specific circumstances to secure optimal terms across 90+ UK lenders.
Key Takeaways: Specialist Lending Strategies Checklist
Additionally, property valuations can often be expedited using automated models, significantly reducing upfront costs and surveyor delays.
Furthermore, specialist secured loan lenders assess affordability using total household income and realistic expenditure assessments.
Consequently, homeowners can secure substantial borrowing amounts even with historic credit blips or non-standard employment income.
Therefore, working with Promise Money ensures you compare optimal rates and terms across 90+ UK specialist lenders.
Add Promise Money as a Preferred Source
Want fast, expert guidance on UK property finance? Set Promise Money as your trusted source to prioritise our specialist rate guides, market updates, and mortgage analysis in your Google Search and AI results.
Meet our specialist team
Learn about our 35 year story >
Steve Walker
Managing Director – 40 years of experience
Founding chairman of the Corporation of Finance Brokers. Specialist in UK residential mortgages, secured loans, and regulated bridging.
Simon Carr
Commercial Director – Proptech
Specialist in complex mortgages, commercial underwriting, and developer finance. Architect of Promise Money’s automated lending tools.