The situation – Looking to raise capital and consolidate their substantial debt, our Hertfordshire based clients were referred to The Loan Partnership to discuss options for a competitive second charge mortgage.
The clients were looking to not only consolidate their monthly outgoings into a more affordable solution, but also needed additional capital to purchase a car and undertake some home improvements, therefore a £115,000 second charge loan was needed.
Adding additional complexities to the case, although the application was in joint names, one of the applicants was employed as a day rate contractor through an umbrella company and had some historic adverse credit. Because of this, the clients were referred to The Loan Partnership due to our reputation of dealing with such cases and experienced advisor Nicola was the broker for the task.
Our solution – Working alongside the introducer to support the clients, Nicola started with an initial phone call with the clients in order to ascertain all of their requirements and needs.
With access to a comprehensive lending panel and in-depth criteria knowledge, Nicola was quickly able to identify a product that would allow the clients to consolidate their debts into a single more affordable monthly payment as well as provide the funding required for the car purchase and renovation.
Ensuring the introducer and clients were kept up to date throughout the process, Nicola were able to quickly secure a competitive rate with favourable terms with United Trust Bank. The clients were thrilled with the results and they are now in a much better financial position.
Discover more recent case studies from happy clients referred to TLP
“Every so often you come across an individual that shines above all others and Nicola Hughff personable manner and professionalism is one that is rarely seen. A huge credit to The Loan Company. AAA*”
05 July 2023
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