Consult mortgage broker Deal Direct about small mortgage loans.
In our business as a leading UK mortgage broker, Deal Direct regularly sources mortgages for our clients who are looking to purchase a home or refinance the one they already have.
Borrowing amounts vary but most exceed £50,000. But, what happens if you only require a ‘small’ amount in mortgage terms? Are products available that mean you can borrow between £20,000 to £50,000 that are either interest only or repayment?
The short answer of course is yes. And the interest rates are competitive too.
Buckinghamshire Building Society has a new product that satisfies such a requirement. Consequently if you:
- want to help family
- need to renovate your home
- are required to move
this new mortgage product could fit your requirements.
BBS is offering a mortgage rate of 4.74% for up to 60% loan to value and stipulates a minimum property value of £180,000
If you are working for yourself or you have a pension income, as long as affordability requirements are satisfied, this mortgage is also available to you.
BBS is not alone in providing mortgages for small amounts. It is a niche sector though and your requirement may not fit what would be typically regarded as the ‘norm.’ Don’t’ let this deter you from making an enquiry though.
The solution to your borrowing needs may not present itself immediately should you begin the search yourself. However, with our expertise, Deal Direct can save you a lot of time and hassle in sourcing a product that you possibly didn’t realise existed and is exactly the financing solution you are looking for.
To make an enquiry call 0800 048 8828.
