 |
| Secured loans |
|
 |
Your client has high redemption penalties if
re-mortgaging. |
|
|
They may not want to move from their high-street
lender if they have had some mild adverse credit. |
|
|
They need a fast completion. On average a loan
is turned around in 2-3 weeks. |
|
|
Income multiples on a re-mortgage do not fit
– different calculations are used with some secured
loan lenders. |
