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If your client has a buy-to-let property, they may wish to secure against this if their residential property has little equity, but they’re looking to raise some additional finance.
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Eddie Lau explains that properties can unexpectedly become unmortgageable to mainstream lenders and that second charge lending solutions can be a helpful way for homeowners to raise additional funds when a standard mortgage is not currently an option.
Eddie Lau explains the rising popularity of second charge mortgages and highlights the key benefits they offer to both brokers and their clients.
