Broker & Intermediary Briefing
New Capital raising secured loan
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New capital raising secured loan product launched today.Aimed at borrowers who fall just outside many lenders criteria
Here’s a BRAND NEW product which hit the market on 14th April 2021. It’s really handy for brokers and increases opportunities to place second charge cases for borrowers who fall just outside many lenders’ criteria. When it comes to a capital raising secured loan, this lender claims to lead the market.
It may not be a core product for you, but it’s really handy for brokers or introducers. It will increase your opportunities to place cases for capital raising borrowers, who fall just outside many lenders criteria.
This comes from a Prime lender which will now look at your more challenging capital raising cases.
Highlights of these capital raising second charge loans include:
- Minimum time Self-Employed 12 months
- 100% of variable income allowable
- Day Rate Contractors are now acceptable with a simplified income calculation
- DMP’s will not need to be cleared as a condition of the Loan
- Satisfied IVA’s acceptable after 12 months.
- Rates are offered based on credit score
- Maximum LTV of 80%
- Loans from £10,000 – £500,000
- Variety of credit scenarios accepted subject to score and the following:
- Any individual CCJ’s or Defaults, with an amount of £10,000 or more must be referred for approval.
- If an applicant’s credit performance had been deteriorating over the last 3 months, we need to refer for approval.
- An explanation must be provided in all instances, confirming why the credit was affected and why it has now stabilised.
Loan purposes considered include:
- Repay a family member
- To purchase a share in the freehold
- To extend the lease of the subject property
- Inheritance tax
- Funding the purchase of a residential investment property
- Income tax repayments
- School Fees
- Debt Consolidation
- Business Purposes
- Matrimonial settlements
- Gift to family member
Maximum age at the end of the term:
- If using the applicant’s income for affordability – max age is 70
- If using pensions or if case would pass Lending into retirement rules – max age is 80
So when a capital raising remortgage doesn’t quite fit the bill this might be one of the options to consider
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Intermediary Guidance for Capital Raising Secured Borrowing
Structuring competitive terms on capital raising secured borrowing 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 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: Capital Raising Secured Borrowing 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.
Key Criteria & Application Guidance
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.
After all, working with an established specialist credit broker with 35+ years experience protects your professional reputation.
Meanwhile, dedicated broker portal tools provide real-time tracking on survey sign-offs and fund disbursements.
Indeed, high LTV options up to 100% or more allow clients to unlock needed capital without moving home.
Finally, dedicated support ensures buy-to-let second charges and commercial referrals complete without administrative friction.
Unlike traditional broker networks, Promise Money requires zero membership fees or exclusive volume commitments.
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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.