Arranging your Secured Loan or Bridging Finance with Acorn 4 Mortgages could not be easier via our third party lenders.
Some of the most common reasons why our clients choose to refinance with a secured loan are:
- Refinance through a secured loan if you have a competitive mortgage rate in place and you don’t want to re-mortgage at a higher rate of interest.
- If you already have a mortgage, sometimes it may not be in your best interest to refinance through a re-mortgage as you may have to pay a large early repayment charge on your current mortgage.
- Refinance with a secured loan is one of the quickest ways to access money; your funds can be released in a matter of weeks.
- You may also wish to refinance with a secured loan if your current mortgage lender has refused you a further advance.
Bridging finance enables you to secure finance at a pace that traditional long-term lenders cannot match.
It is short-term finance, secured against residential or commercial property by means of either a first or second charge.
This can often be obtained incredibly quickly for clients who have an urgent need for money, or to facilitate a transaction whilst their long-term funding is being arranged.