Learn more about help to buy on previously owned properties
Our new lowest rate ever
Our lowest rate ever
We have made some significant changes to our second charge range and introduced a NEW lowest rate on the market with some other great features.
For your clients wanting the lowest second charge rate
- Variable rates now start at 3.57% – the lowest ever in the sector
- 2 year fixed from 3.77%
- 5 year fixed from 4.15%
For your clients wanting no ERC’s
- Variable rates from 3.63% – still lower than all competing lenders
- 2 year fixed from 4.03%
- Reduced rates with no ERCS
For your older clients
The maximum age at the start of the loan term, for income to be considered, has increased from 60 to 75 (i.e. the customer must not have passed their 75th birthday). Customers aged over 70 at the start of the loan will be required to obtain independent legal advice.
The maximum age at expiry of the loan for any (employed or self-employed income) to be considered will increase to 80 (must not have passed their 80th birthday). If their income is not being considered the loan can extend to age 85.
We are seeing some really large loans at the moment (£100K plus) and this lender is great with a very slick process.
This is just one of the 20 lenders we have so all other enquiries are welcome.
01902 585052
Share This Page
By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy.
2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:
Mortgages and Remortgages
Representative example
£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.
Secured / Second Charge Loans
Representative example
£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.
Unsecured Loans
Representative example
£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.