August 2025
The Situation – An introducer referred a client who had originally taken out a secured loan for home improvements. Unfortunately, overspend on the project meant they had accumulated a further £50,000 of unsecured debt, leading to high monthly outgoings and significant cashflow pressure.
The client needed to consolidate their existing second charge mortgage and clear unsecured balances, while also ensuring affordability and alignment with their future remortgage in 2027.
Our Solution – We structured a £120,000 secured loan with Admiral Mortgages on a 5-year fixed rate of 7.39%. The product offered competitive pricing with ERCs only in the first two years, providing flexibility for a potential refinance.
To ensure speed, we utilised a desktop valuation and worked closely with Santander to secure consent for the second charge with minimal delay. Importantly, the term and structure were designed to align with the client’s main mortgage, ensuring a smooth pathway to exit at their next remortgage window.
The Result –The client’s monthly repayments dropped by £1,217, and their second charge rate was reduced by 5%. The case was completed swiftly, with an offer issued within 3 working days.
The introducer’s client was delighted, and the introducer gained peace of mind knowing TLP had managed the process from end to end with efficiency and transparency.
Why Introducers Choose TLP
This case highlights the value of partnering with a specialist. We not only secure competitive terms but also build solutions around timing, lender alignment and client objectives. By doing so, we give introducers the confidence to say yes to more complex cases — knowing their clients are in safe hands.
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.
