FLUENT FOR ADVISERS are the largest second charge loan broker in the UK, with access to exclusive rates and products that can only be found by dealing with them. Their job is to find the very best loan for your customers’ circumstances and get it paid out in the quickest possible time.
Why Choose Fluent?
Fluents’ aim is to make sure that both you and your customers receive the standard of service you should expect from the UK’s leading second charge brokerage with the results to match.
Perhaps you have a customer that is already on a competitive low mortgage rate? Perhaps your client is on an interest only mortgage or is tied in with heavy redemption penalties?
It may be that they need funds quickly with no upfront fees to pay and are happy to use the equity in their home. It may be that their credit status has changed for the worse or they have simply become self-employed and are finding it difficult to raise finance.
Second charge loans are useful when a client is looking to borrow a large sum of money over a longer term. Remember too that there are limited ERC’s, some with no redemption penalties even on fixed products.
A second charge loan can be used for almost any legal purpose such as home improvements and debt consolidation as well as paying off expensive bridging loans, Tax Bills, deposits and purchase of BTL properties, second homes and school fees, the list is almost endless. There are many more reasons why the traditional route of a re-mortgage, further advance or personal loan is either not available nor the best advice and where often a second charge loan could be the right solution.
At Fluent for Advisers, they source from a panel of lenders selected from the very best in the market and at quotation stage only undertake a soft credit search on behalf of your customer.
Loan Size £5,000 to £2,500,000. Larger loans on referral
Loan Term 36-420 months
Rates From 3.73%
Flexible Loan Options
Some lenders allow overpayments, giving the client greater control over their loan
Max LTV 95% (higher LTV on smaller loans)
85% LTV buy to let (rates from 4.5%)
Income types include
Buy to let income
State and Private Pensions
Working Family and Child Tax Credits
Mortgage Arrears Accepted...depending on LTV
CCJ and Defaults Accepted...depending on LTV
Max Age Up to 85 at the expiry of the loan on residential
Up to 110 at the expiry of the loan on BTL
Redemption limited ERC’s, some with no redemption penalties even on fixed products.
Criteria Matrix Unsecured Loans
Loan Size £1000 to £25,000
Applicants Single and Joint applications accepted
Loan Terms 12 - 84 months
Rates From 5.3% APR
Age 18 to no max with some lenders
Address Must have three years UK address history. Cannot lend to Channel Islands or Isle of Man (can lend in NI)
Credit History Will not accept clients in DM plans or clients who have active defaults or CCJs in the last 12 months
Income Must have over £8,400 net pa income, this includes benefit income
Overpayments Fluent have lenders who will allow customers to overpay towards loans or settle in full with no early repayments charges, which will allow them to save on interest.
Fluent Sourcing www.fluentsourcing.co.uk
The clever way to source and compare a second charge loan. Slick, smart & sensible – Free secured loan sourcing at your fingertips.
A website designed to help brokers manage and keep track of their second charge loan applications. Fluentview is an essential tool for lead providers. It’s simple to use, secure and very user friendly.
The site provides you with the ability to:
Our partner support team are dedicated to looking after you. We fully understand and appreciate how our service ultimately reflects on your business and your customers. We make you a very simple promise, we won’t let you down!
To run a case by fluent or to register simply contact their broker team on
01204 477 600 or email@example.com
Or visit www.fluentforadvisers.co.uk
Fluent's partner support team are ready to take your call for all enquiries on 01204 477 600
If you have a question please call our Mortgage Support Services team on 01226 230 504. Monday to Friday 9am to 5.30pm. We may record and monitor calls. Call charges will vary.