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Rate crash on BTL seconds

Rate crash

We want to make sure you know about the massive rate drops on Together’s BTL second charges.

These products are super flexible and with rates reductions of up to 1.66% some cases which previously failed affordability may now fit.

Here are the main points they can cater for:

BTL Second Charges

  • HMO’s (no max beds) Holiday Lets & Semi Commercial property
  • All property construction types considered
  • Ex Pat & applicants without permanent right to reside
  • Prime, Light, Medium & heavy adverse plans available
  • Projected rent accepted
  • No minimum income requirement
  • Additional / earned income can be counted (subject to full affordability assessment)
  • Interest Only options
  • Consumer BTL options
  • Individuals, Portfolios, Sole Traders, LLP’s, Partnerships, Limited Companies

Second charge rates now from 5.99%
We are very experienced in dealing with Together so if you have a potential case they can help with please give us a call on 01902 585052.

www.promisemoney.co.uk

01902 585052

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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.