Second Charge Facility for the "Time Rich, Cash Poor"

* up to £10million

* Term of 60 months

* Interest only

* 70% loan to value on residential 

* 60% loan to value on commercial 

* Based on 180 day valuation

* Interest rate of 8% to 13%

This facility is ideal for clients who are asset rich but cash poor and want to release capital for various purposes including the purchase of more property or the purchase of a business or to progress a development project