Beech Financial Management

read moreThe information and guidance contained within this website is subject to the UK Regulatory Regime and is therefore primarily targeted at customers resident within the UK. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.

read moreBuy To Let (BTL) Secured Loans are for people who have at least one investment property, they don't always have to own their own home and can often help people who aren't credit worthy with the high street to get a loan. A BTL Second charge mortgage allows you to use the equity you have in your property, as security against another loan, it means you will essentially have two mortgages on your Investment property. They should be considered if you're looking to raise equity, without breaking your current mortgage deal and will help you avoid incurring heavy redemption penalties from your first charge lender.

read moreBuying a property to rent out can be an excellent way to generate an income for the present and a good investment for the future, if you can't afford to buy outright, you will need a buy-to-let mortgage rather than a conventional FCA regulated mortgage. Buy-To-Let (BTL) mortgages are for homes that you wish to rent out, they work in the same way as standard FCA regulated mortgage although the rates are often higher, and the lender would consider this type of mortgage a higher risk. This is because landlords usually rely on rent from their tenants to cover their mortgage costs, if there is a long period where they don't have a tenant, usually known as a 'void' period, and so there is a risk of them missing payments on the mortgage and eventually defaulting on the mortgage.

read moreBridging loans are a short-term funding option. They are used to 'bridge' a gap between a debt coming due - and we're talking primarily about property transactions, here - and the main line of credit becoming available. Or they can simply act as a short-term loan in pressing circumstances. The main purpose of bridging finance is to accommodate a property purchase that otherwise would not be possible. As you might expect with a stop-gap measure, they can be significantly more expensive than a standard mortgage.

read moreWe advise and arrange Second Charge Mortgages from our panel of lenders, and they have a range of repayment options to suit your financial needs. A second charge mortgage is a loan that is secured against your home just like a first charge mortgage. So, essentially you have two mortgages secured against your property. This means your home may be at risk of repossession if you are unable to make the monthly repayments on either mortgage. As the loan is secured against your home, you can normally borrow higher amounts than through a personal loan (for example over 25,000).