A QUICK
OVERVIEW
We know that not every situation is straightforward – rest assured there are a myriad of options designed to cater for more diverse needs and unique circumstances.
Specialist lenders take a human approach to assessment. They consider applications from customers with more complex circumstances, where traditional lenders would decline. At Prism, we have access to all of these specialist options. We’ll guide you and secure the most appropriate solution for your needs.
Specialist Property Finance Options:
- Less than perfect credit history: Unexpected life events and financial mistakes happen. We work with lenders who assess the bigger picture, rather than just credit scores. Specialist lenders offer more flexibility than traditional lenders, making them more accommodating to unique financial histories.
- Second Charge Loans: Our homes and properties are often our most valuable assets and the equity in our properties is ours’. However, traditional lenders often create barriers when we want to release some of the cash tied up in our properties. Second Charge Mortgages or Secured Loans are loans secured against an already mortgaged property. They can offer a viable alternative where traditional lenders decline, quote substantial Early Repayment Charges, or simply aren’t suitable.
- Bridging Loans: Short-term, interest-only loans designed to bridge a gap in financing, often used when purchasing a new property before the existing one is sold. They can also assist in property development or auction purchases.
- Self-build Mortgages: Tailored for those looking to construct their own homes. The funds are typically released in stages as the build progresses.
- Equity Release & Later Life Lending: Equity release and later life mortgages enable property owners aged 55 and over to release tax-free cash from the value of their properties. These are long-term loans that are repaid via the sale of your property when you pass away or when you go into long-term care. Until then, you remain the owner and you won’t need to move out.
We are not authorised to provide advice on equity release and will refer you to an authorised specialist, who can assist you in this area. This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
- Commercial Mortgages: Specifically for those looking to purchase commercial properties or business premises. They can also be used to expand existing business spaces or to refinance existing commercial loans.
We are not authorised to provide advice on commercial mortgages and will refer you to an authorised specialist, who can assist you in this area
Why Contact Prism for Specialist Property Finance?
- Expert Guidance: With a thorough understanding of the property finance landscape, we identify and recommend the most competitive and appropriate specialist finance option for your situation.
- Tailored Solutions: We recognise that every financial journey is unique. By understanding your specific needs and challenges, we can provide a truly tailored service.
- Streamlined Process: From understanding your needs to connecting you with the right financial product, we aim to make the process efficient and hassle-free.
At Prism, we’ll help you navigate through the complexities of specialist lending, ensuring that every decision made is in your best interest.
