Case Study - 4.92% Secured Loan
The Lending Channel team recently completed a large £100k Secured Loan for a property client who needed to raise the cash quickly to assist with a property transaction. The loan funds were drawn down 13 days after the initial enquiry was received and the client managed to secure a rate of 4.92%.
This client had a good rate on his mortgage and really didn't want to disturb his current deal, but more importantly time was important and the Secured Loan option in this case provided exactly what this client was looking for.
This solution continues to demonstrate that a Secured Loan can provide a competitive alternative to a remortgage or further advance.