SECOND CHARGE LOANS
A second charge loan will effectively allow you to take out a further mortgage on an existing property or home – it is a great way to top up on your existing loans by securing what you already have ownership of with a further lender in order to release equity.
Here at VIBE we can help in securing a second charge loan on your Buy to Let or Commercial investment property whether you are raising the additional finance towards consolidation or to capital raise for further investment. We can also arrange a second charge business loan on your main residential home providing you are using the funds for business purposes only.
- Loans from £25,000
- Up to 80% LTV (higher if additional security is provided)
- You must be a homeowner/investor although you do not necessarily need to live in the property
- Secured against residential, commercial and buy to let properties
- You must have equity available in your property to secure the loan against
- Funds for any business purpose
- Security in the form of a second charge
- Competitive rates
- Loans to individuals, limited companies and SPV’s
- Overseas applications acceptable