*This service is offered by referral to a specialist adviser and not by our firm*
*The Financial Conduct Authority does not regulate Commercial Mortgages, Secured Loans, Second Charge Loans and Bridging Loans *
*Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.*
Secured Loan/ Second Charge Mortgage
A secured loan is money you borrow that is secured against an asset you own, usually your home.
A Secured Loan or Second Charge can be a useful option where a traditional mortgage just won’t work or where there are penalties to pay for early repayment.
Providing there is sufficient equity in your property a Secured Loan or Second Charge can sit behind the main mortgage and provide funds for property improvements, consolidation, or a whole other host of other reasons where a lump sum may be required.
This option is usually quick and there will typically be no early repayment penalties, making it ideal for short term funding.
We are committed to providing the best and most suitable Secured Loans for your requirements. Our Secured Loans are simple, fast and straight forward.
For Secured loans and Bridging loans Cherrywood Mortgages, a trading style of Timothy Steer are credit brokers, not lenders.
Bridging loans are designed to help people complete the purchase of a property before selling their existing home by offering them short-term access to money.
As well as helping home-movers when there is a gap between the sale and completion dates in a chain, this type of loan can also help someone planning to sell-on quickly after renovating a home, or help someone buying at auction.
A commercial mortgage can be used to buy property (or land) that will be used for business purposes. They could also be appropriate for clients looking to purchase or refinance commercial properties as an investment.
We have close working relationships with specialist lenders and the knowledge you need to make sure your purchase or refinance completes in the quickest time frame possible. We arrange commercial finance in a range of sectors, including: hotels, residential / nursing care homes, retail, and most types of commercial property investment.
Cherrywood Mortgages is a trading style of Timothy Steer is an appointed representative of Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Intrinsic Mortgage Planning Limited are entered on the FCA register (http://www.fca.org.uk/register/) under reference 440718.
“If you are unhappy with our service”
If you have a complaint about your adviser, or any financial advice you have received from your adviser, please contact us: Intrinsic Complaints Department Riverside House The Waterfront Newcastle upon Tyne NE15 8NY Email: email@example.com Tel: 0191 241 0700
You can find more information by visiting the Intrinsic Financial Services website: -http://www.intrinsicfs.com/contacts/ If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (www.financial-ombudsman.org.uk)
The Financial Ombudsman Service Exchange Tower London E14 9SR Tel: 0300 1239123 Email: firstname.lastname@example.org Website: www.financial-ombudsman.org.uk