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Wednesday, July 31, 2013

New second charge BTL mortgage

We can now offer this innovative second charge buy-to-let product with Shawbrook Bank. It is aimed at landlords who are wanting to raise additional equity from an existing buy-to-let without having to remortgage.

Product details:
  • market leading rate from 9.95%
  • up to 65% LTV
  • 110 rental calculation
  • 3% early repayment charge
  • £5,000 - £75,000
A secured loan enables you to leave your mortgage in place and raise funds for a wide range of purposes including:
  • home improvements
  • consolidation
  • school fees
  • payment of a tax bill
  • transfer of equity
  • fund a deposit for a new property

Tel: 01494 894639

Your home may be repossessed if you do not keep up repayments on your mortgages.  
The Financial Services Authority does not regulate some forms of mortgage.

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