New 90% LTV BTL Second Charge

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

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New 90% LTV BTL Second Charge

Another useful product has hit the market which may prove useful to assist your clients in raising cash on their BTL properties as follows:

90% LTV – previous best was 85% and much more expensive
Rate 12.7%
First, second or third charge is accepted
Adverse credit plans available – still at 90% LTV but higher rate
No physical valuation carried out – desktop only
Standard 1 month ERC’s
The applicants can be homeowners or tenants
Maximum loan £20,000
Any reasonable personal loan purpose – not keen on BTL deposits / business

Key Criteria & Application Guidance

This product is in addition to the other nine BTL second charge lenders we now have. We expect some lower rate products in the near future. Below is a reminder of the other key features available from these lenders.

Complex
1st and 2nd Charges
75% LTV on purchase
70% remortgages and 2nd Charges
Rates start from 8.45%
Only look at arrears on security property, ignore arrears on other properties
Interest only available over £25,000
Rental income must be 110% or 120% of secured loan lending – subject to plan
Can use expected rental income if no AST is in place (use 90% of that figure)
Accept adverse, Expats, no additional income, non standard properties.
All adverse over 12 months old is ignored.
Heavy adverse
LTV – 70%
£100,000 max loan
Unlimited adverse
Regulated agreement – Lower ERCs – a good short term solution
Full income and expenditure including the rental as qualifying income
Rate 15%
Larger loans up to 85% LTV
1st and 2nd Charges
Loans over £100,000 on referral
Min 120% rental coverage, full income and expenditure over 70% LTV
Cross charges considered to support LTV
HMO’s up to 70% LTV

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Intermediary Guidance for 90 Ltv Btl Second Charge

Structuring competitive terms on 90 ltv btl second charge for your clients requires direct access to specialist underwriters. In addition, our intermediary lending desk works directly with over 90 specialist lenders across the UK.

Consequently, partnering with Promise Money ensures whole-of-market broker access, transparent procuration fees, and rapid decisions in principle for your client cases.

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 Specialist Lending 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.

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Key Takeaways: 90 Ltv Btl Second Charge Broker Briefing

Additionally, partnering with Promise Money gives intermediaries whole-of-market access across 90+ specialist second charge lenders.

Furthermore, direct access to our specialist underwriting desk protects client relationships while guaranteeing transparent and competitive proc fees.

Consequently, complex borrowing scenarios—including high LTVs, adverse credit, or complex income—are structured efficiently without delays.

Therefore, introducers can submit case details directly online or via phone to secure rapid Decisions in Principle.

Specifically, second charge homeowner facilities are assessed with commercial speed to meet critical funding deadlines.

Moreover, comprehensive lending criteria checklists ensure client applications are fully structured prior to lender submission.

In addition, dedicated underwriter communication guarantees updates at every milestone from enquiry through to completion.

Crucially, keeping existing low-rate primary mortgages completely untouched saves your clients thousands in remortgage penalty fees.

In practice, our intermediary team handles valuation queries and legal liaisons so you can focus on client advisory.

Above all, whole-of-market access allows you to place non-standard cases that mainstream high street lenders routinely decline.

As a result, your brokerage delivers reliable capital-raising solutions even for complex homeowner borrowing requirements.

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