July 2025
The Situation –
This case was referred by one of our introducers and involved a married couple who had entered into a Debt Management Plan (DMP) following a renovation project that spiralled out of budget.
To complete the works, they had taken out several personal loans – borrowing that quickly became unmanageable when one applicant was unable to work during the COVID-19 pandemic. With repayments mounting, the DMP gave them a structured way to manage their obligations.
Now, several years on, both clients are back in full-time employment and ready to take the next step. Their DMP balance stood at £30,000, and with no adverse credit activity since entering the plan, they were focused on rebuilding their credit and moving forward.
Their goal was to consolidate the remaining debt, improve cashflow, and re-access mortgage lending by the end of 2025. Flexibility was key—they planned to wrap the loan into their mortgage within 6 months.
Our Solution – After reviewing income, credit, and affordability, we arranged a second charge loan via Selina Finance for £30,000 with:
✅ 5-year fixed rate of 6.94%.
✅ 22-year term to keep payments low.
✅ No Early Repayment Charges, giving the clients full control over when they clear the loan.
✅ A plan to remortgage in 6 months, using improved affordability and restored credit.
This gave the couple immediate breathing room and the ability to move forward without locking themselves in. They now have a clear, achievable timeline to exit the DMP and roll the loan into their main mortgage.
The Result – The clients gained a structured, flexible solution that fits their financial comeback story. Their introducer knew the case was in safe hands and could reassure the clients confidently.
Why Introducers Choose TLP
We understand how life events can impact borrowing and how the right product can help clients rebuild their financial futures. Whether your case involves past credit issues, complex backgrounds, or tight deadlines, we tailor every solution with speed, care and clarity.
Need a lender that sees the full picture? You’ve found them.
Register as a TLP introducer today and chat to Frances or one of our second charge advisors to find out how we can help you earn more from your clients.
