Blue Sky have an extensive panel of secured loan lenders, including non conforming, many of whom are not widely available. Generally loans can be used for any legal purpose and range from £3,000 – £100,000.
Typical advantages of a secured loan:-
- Allow the client to raise capital without paying early repayment charges on an existing mortgage.
- Generally more flexible approach to adverse credit.
- Income calculations are more generous.
- Completion can be as little as 2 weeks.
- Borrowing can be over shorter terms, paying less interest.
Why us?
- Our speciality is not in simply dealing with the ‘usual’ lenders (though we have them too!). We have developed relationships with a number of smaller niche lenders with unique advantages. These include :-
- Unlimited adverse considered.
- All income including most benefits considered.
- Self certification.
- Available where existing mortgage payments are being benefit subsidised.
- From just £3,000.
- Loans available over semi commercial and buy to let property.
- Available even where the 1st mortgagee refuses consent.
- 3rd charge considered where exceptional equity exists.
Underwriting
We understand how important it is that professional intermediaries are informed when talking to clients and this is why we have product matrix available to download as a PDF under broker resources however these should be used as a guide only. Generally if you have a client whose credit circumstances have been caused through genuine misfortune, who has the ability to pay and who would receive a clear benefit from a loan we can help. If in doubt please always refer an application for consideration.
