Blog Day One Secured Loans Day One Secured Loans Author: Helen Marshall Published: 09 September 2021 Facebook Twitter LinkedIn Day one secured loans can be tricky, but we do have lenders on panel who will consider customers with only one month’s mortgage history, just like the case below: Applicants • Mr, 35, £77,200/year • Mrs, 38, £45,000/year Property • Value - £675,000 • Mortgage balance - £538,000 • Loan amount - £43,705 (+ fees) • LTV – 86.96% Remortgage • As the customers had only just mortgaged the property, this wasn’t feasible. Secured Loan Solution • Lenders on our panel that consider customers with one month’s mortgage history. • 2-year fixed rate was chosen to tie in with mortgage, as customer planned to remortgage after this. • Able to consolidate their loans, credit cards and overdrafts and saved the customer around £600/month. Secured loans are versatile and our panel of lenders will consider cases that may have been turned down by High Street lenders, so don’t rule out cases that you’re struggling to place. When you come to Norton Broker Services, you know it’s Expertise You Can Trust. 01709 321665 | broker.services@norton-finance.co.uk Tags: READ NEXT Day One Secured Loans Find out more > Second Charge Lending up 195 percent in June The Second Charge market has shown continued growth during June Find out more > Secured Loans Hints and Tips We're here to help our brokers in every way we can. When it comes to secured loans, we consider ours... Find out more > Try our Quick Quote Alternatively, call today on 01709 321 665 Dedicated to brokers Twitter LinkedIn About Us FAQs Compliance Privacy Policy and Fair Processing Notice THE INFORMATION CONTAINED ON THIS SITE IS FOR USE BY INTERMEDIARIES / INTRODUCERS ONLY AND SHOULD NOT BE DISTRIBUTED TO POTENTIAL BORROWERS. Norton Broker services is a trading style of Norton Finance and mortgages Limited company registration number : 5995692. Norton Finance and Mortgages Limited is a credit broker which is authorised and regulated by the Financial Conduct Authority under Firm reference number 589554. You can confirm our registration on the FCA’s website www.fca.org.uk or by contacting the FCA on 0800 111 6768. The Norton Broker website uses cookies. Some may have been set already. Read about managing our cookies. If you continue to use the site, we’ll assume you’re happy to accept the cookies anyway. Norton Broker Services, Norton House, Mansfield Road, Rotherham, South Yorkshire S60 2DR Tel: 01709 321665