At Solution Mortgages Ltd we have a number of lenders who can help with all sorts of scenarios. it doesn’t matter if you are looking for a secured loan, remortgage or a purchase, we can assist with all types of lending. This week we are going to focus on one of our specialist lenders from our secured loans panel. They…
Category: Homeowner Loans
Weekly insight into one of Lenders Criteria
At Solution Mortgages, we pride ourselves on our diverse panel of lenders. From our panel of lenders, we have some of the best products available. In our weekly blog on Lending criteria, we will give a snapshot of some of the standout points that help us find a solution where others can’t. This weeks lender helps clients who want…
Case Study – Can I get a mortgage with a Non Standard Construction Property?
A client came to us recently looking to raise £20,000 against a mortgage-free property. They had been declined on two counts. 1 – Their property is Timber framed and considered Non-Standard Construction. 2 – They had some historic defaults and CCj’s registered in the last two years. When we told them that we had a solution, they couldn’t believe it…
MPC hold the base rate at 0.75%
The Monetary Policy Committee has decided to hold the base rate at 0.75%. They meet every six weeks to determine the base rate and voted unanimously to keep it at 0.75%.Given the outcome of Brexit being undecided, this was to be expected. Although the 3rd quarter data has suggested a recession should be avoided, the MPC is sticking to a cautious…
Deal of the week
Scenario Recently, a couple contacted us hoping to raise a £60,000 loan. They had experienced some difficulty in finding an unsecured loan for two reasons. Firstly, the size of the loan was a problem because the majority of unsecured lenders have lending limits of £25,000 maximum. Secondly, their low credit score presented a problem which reflected the constant use…
Uses for a loan (Second Charge Mortgage)
You can easily raise a loan as a second charge on your property. The most common reasons for a loan is to consolidate credit or for home improvements However, you can use this type of loan for many other reasons, such as: Car purchase School fees Weddings Gifting money to your children Repay a tax bill Transfer of equity Lease…
Non Standard Construction
At Solution Mortgages ltd we can help where others can’t in so many areas. The area we are focusing on here is the Non Standard Construction issue. So many people are being turned away due to their construction type, many of whom have plenty of equity and are getting frustrated by everyone telling them no. We have a number of…
Seven reasons why a secured loan might be a better option
Your current mortgage has a high penalty if you re-mortgage. If you are tied in for long periods and the penalty for coming out is 5% of the mortgage balance why not do a secured loan for now and re-mortgage to combine the two once the penalty period has expired. You must consider a further advance as this may be…
Secured Loans with bad credit
Getting finance is proving one of the hardest things to do at the moment. We are now 5 years in to the credit drought which has spiralled the global economy out of control. Mortgages and re-mortgages remain difficult to obtain even with a good credit history. There is a solution! The secured loan market is recovering at a better rate…