I have a client who has a UK main residence, unencumbered, and she would like to raise £100,000 on a fixed rate at 3% p.a with a term of 15 years ( or even 10 years ).
Therefore a loan ( mortgage ) using a first legal charge against the house concerned is being sought.
The house has a value of circa £400,000 hence the “Loan to Value” is only 25%.
Portfolio Counselling Services Limited ( Trading as PCS International ).
Trust & Property Portfolio advisors.
Skype: Portfolio Counselling Services.
Tel: 07395 350328 ( WhatsApp )