V Loans offers adverse second charge up to 65% LTV

Published on

V Loans has revealed it is one of a few secured loan packagers to have access to an exclusive new product, aimed at helping customers with current debt and credit problems and also clients who may need to raise a second charge on their buy-to-let property.

At up to 65% LTV, up to six months current mortgage arrears and unlimited CCJs and defaults will be considered.

The maximum gross loan amount is £30,000, while second charges on buy-to-let properties will be considered.

It is available to both the employed and self employed subject to income proof and can be used to repay IVAs (must be conducted satisfactorily) and bankruptcies.

Benefit income can be considered.

The lender has not been disclosed.

Marie Grundy, operations director at V Loans, said: “We are delighted to be able to offer these very attractive terms to our introducers. The new product fills a critical gap in the market

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

PropEco launches audit tool to tackle widespread EPC errors

PropEco has launched an EPC Audit tool designed to identify and correct errors in...

Antiquated homebuying system costs UK economy £1.5bn a year

The UK’s outdated homebuying process is draining at least £1.5 billion annually from consumers...

LSL’s Financial Services arm drives growth in first-half results

LSL Property Services has reported steady first-half results, with its Financial Services division continuing...

Market Financial Solutions launches ‘Fusion Premier’ range for portfolio landlords

Market Financial Solutions has launched a new ‘Fusion Premier’ range, designed to allow large...

Self-employed workers would switch to a salaried job to get a mortgage

The majority of self-employed workers would switch to a salaried job to get a...

Latest publication

Other news

PropEco launches audit tool to tackle widespread EPC errors

PropEco has launched an EPC Audit tool designed to identify and correct errors in...

Antiquated homebuying system costs UK economy £1.5bn a year

The UK’s outdated homebuying process is draining at least £1.5 billion annually from consumers...

LSL’s Financial Services arm drives growth in first-half results

LSL Property Services has reported steady first-half results, with its Financial Services division continuing...