4 ways in which second charges helped our BTL clients

In early 2017, new regulations from the Prudential Regulation Authority (PRA) come into force which will tighten the rules on affordability around Buy to Lets.  In preparation for this lenders are already beginning to tighten their criteria though the rules are still flexible for the time being.

Here are some recent examples where second charges have helped our BTL clients.

nature-forest-waterfall-jungle1. Client living in Australia who wanted to expand his portfolio over there

Our first case study seems very apt given return of a certain reality TV series involving 12 celebrities living in the Australian Jungle.

2. Repairing property damaged by tenants / inexperienced landlords

3. Expand BTL portfolio with no deposit

4. Debt consolidation on a BTL