• Specalist Lending
        Essex Home Finance
      • Specalist Lending
        Essex Home Finance

      Specialist Loans

      Further Advances / Second Mortgages

      Should you wish to borrow more money in additional to your current mortgage, a Further Advance (sometimes called a Second Mortgage or Loan) could be a great option for you, especially if your current lender is unable to help you.

      A Further Advance is ideal for those who are :

      Tied Into a Fixed Rate Mortgage and there are penalties or redemption penalties
      You have a mortgage with an existing low rate and with to retain this, whilst raising more capital
      The Further Advance offered by your current lender is expensive
      Your current mortgage is on an 'interest only' product and wish to retain this
      Looking to capital raise for business purposes, or for a Buy to Let Deposit
      Keen to retain your current mortgage product, but have had some credit problems in the past
      Recently Self Employed, retired or attract income from multiple sources
      Capital Raising on Buy to Let property to extend the portfolio

      We have access to a number of specialist lenders who would be interested in helping you with your funding needs - we will refer you to a 3rd Party firm who will be able to assist you.

      Bridging Finance / Short Term Loans

      Bridging Loans are ideal short term and fast means of borrowing money at a time when traditional finance may not be suitable or available.

      Such Short term finance can come in many disguises but is fundamentally the same product - a loan secured on property, with a repayment set for a number of months rather than years. We help clients with Bridging Finance for the following reasons :

      Chain Breaks - should you need to buy before you sell your home?
      Auction Finance - where you need fast finance to buy a property that will need some development
      Investment Purchase / Buy to Let Buy To Let properties that need improvements (perhaps with a full retention)
      Commercial Lending Downsizing Self-Build and/or Conversion of property
      HMO Purchases where development is required Refurbishment or Development Projects
      Agricultural Bridging
      Funding with no monthly interest payments
      Non-Status Capital Raising (Where you may have credit issues that limit your options)

      Where applicable we will refer you to a 3rd Party firm for assistance with such enquiries.

      Commercial Lending

      Business Mortgages and loans are another specialist area that we can help our clients. Particular areas of specialism include :

      Interest only and Repayment Mortgage Options For Purchase and Refinance
      Commercial, Semi-Commercial and Buy to Let Portfolios
      Land Short Term Leasehold Longer Term Loans
      Portfolio Remodelling and Acquisitions Purchase against Property Value or Goodwill

      Please Note - Commercial Lending and Development Finance is not regulated by the Financial Conduct Authority (FCA)

      Where applicable we will refer you to a 3rd Party Company for assistance.

      Development Finance

      This would be the type of finance our Builders and Developers require on a regular basis :

      New Build Property and Conversions
      Single unit or Multi-Unit Houses, Flats, Property with some Commercial Element
      Change of Use Regulated Self-Build Acquisition and
      Completion of Part Built Developments

      Options include Equity Finance, Joint Venture, Mezzanine, Bridging, Short Term and multiple asset security.

      Please Note - Commercial Lending and Development Finance is not regulated by the Financial Conduct Authority (FCA)

      Where applicable we will refer you to a 3rd Party for assistance.

      With all Specialist lending it is important not to compare the pricing against Residential Mortgage Finance - both are very different ways of borrowing money, and are priced accordingly. Many of these facilities will be priced based on the security on offer, the amount needed to borrow, the risk of any project and the level of experience that individual or company has. Please ask for details and we will look or use our 3rd Party Companies to secure the most appropriate terms for you,given your individual circumstances.

      Let us know if you have found this information useful!

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      Essex Home Finance Ltd
      1 High Street
      CM1 1BE

      01245 398466- Office Number

      Security | Essex Home Finance

      Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

      Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE. Registered in England & Wales under number 10607263.

      Your home may be repossessed if you do not keep up repayments on your mortgage.

      *From the 1st March 2018, We do not charge any Broker Fees for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

      There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

      We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

      Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.