THIS WEBPAGE IS FOR PRIMIS MEMBERS ONLY

• No restriction on loan size based on income multiples
• Good existing mortgage deal or ERC’s prevent remortgaging being the best solution for the client at the current time
• Credit history or current credit status would result in an inferior mortgage deal if moved
• Currently have interest only mortgage but can’t remortgage on interest only due to lender restrictions or because switching to repayment would be too expensive
• Purpose of additional monies required not acceptable to mortgage lenders
• Timescales for completion
• Loan required on a BTL property

• Debt consolidation
• Adverse credit/ Debt Management Plan/IVA
• Clients with complex income, benefit income, on zero hours contract or are contract workers
• Loan size not restricted based on income multiples
• Lending beyond state retirement age (subject to occupation)
• Low value, unusual construction and non-traditional construction properties
• BTL property with adverse
• Ex council properties purchased under the RTB scheme
• Loans for business purposes

• We have over 20 years’ experience in the second charge industry
• As a fellow LSL Group member, we are working to the same internal rules and using the same systems as you
• We will never cross-sell to your clients or pass their data to third parties without your prior permission or instruction
• General enquiries and case referrals can be made by phone or email
• We provide a full end-to-end process, including all regulatory scripts and disclosures
• We do not rely on automated sourcing tools, we assess each enquiry manually to ensure important criteria are not overlooked and that areas of potential flexibility with lenders can be exploited to your clients’ benefit
• We will keep you updated on the progress of all your cases with regular updates and MI
• If the loan offer available on a case changes we will liaise with you to ensure the loan option is still the preferred and recommended route for the client before proceeding

Daniel Mumford (Grange Mortgage & Protection Services) – “We refer our clients to Caboodle for Second Charge Loans, where we are not able to proceed using a re-mortgage or further advance concept. Andrew and his team provide a first class, efficient service to our clients, ensuring they understand the process, whilst updating us all, every step of the way. We know our clients are in safe hands and would not hesitate to recommend them.”

Mark Bonshor (First Rate Mortgages) – “I’ve made use of the network referral offering of Secured Loans via Caboodle over the past twelve months, and have found the Service to be Fast, Friendly and Efficient. Andy and the team have connected well with my clients, who have reported back positively to me, indicating that Rates and Fees have been fair and that the process was made easy by effective communication pre and post Application.  A professional approach awaits you and your clients from Caboodle. “

Paul Inger (Prestige Financial Solutions) – “We have worked with Caboodle for some years now and have always been impressed by their professional and efficient service, quick turnaround times on our enquiries and regular updates through the course of the application.“

Simon Smith (Cream Financial Solutions) – “Caboodle have always provided us with a great secured loan service and they support our consultants with hints and tips to help them identify loan opportunities, resulting in happy clients and additional revenue.“

Case Study (1) – ERC’s

Clients were 3 years into a 5 year fixed rate and had significant ERC’s due to the size of the mortgage. They wanted to raise £75,000 to consolidate some credit and undertake some improvements to the property. The mortgage lender would not offer a further advance so we arranged a second charge loan for the clients to avoid them having to pay the ERC’s, which they will repay when they remortgage at the end of the fixed period.

Case Study (2) – Loan for Business

Husband and wife who are co-directors of a limited company want to buy the business premises they are currently renting. They have had a commercial mortgage agreed by their business bankers but need to raise the deposit for the remainder.

We arranged a second charge loan for them in their personal names against their residential property to provide this deposit, which together with the commercial mortgage allowed them to complete the transaction.

Case Study (3) – Loans on BTL

Client had a portfolio of 6 BTL properties, all of which are Limited Company owned. The clients’ family owed a significant amount to HMRC who held a ‘Freeing Order’ over the portfolio which could not be removed until the full amount due was paid.

We helped them with a facility for over a £¼M to repay HMRC and release the freezing order, allowing them now to start selling some of the properties and remortgaging the others onto standard BTL’s to repay the facility.

Case Study (4) – Adverse Credit

Client had been in an IVA for a few years and as you would expect had defaults on his credit file relating to the accounts covered by the arrangement. The client agreed a full and final settlement figure via the IVA supervisors to clear the arrangement. However, his mortgage was on a very low tracker deal which he didn’t want to sacrifice, and as such a second charge loan was a better short term solution until such time the referring broker can remortgage him back with a mainstream lender at a reasonable rate.

Case Study (5) – Interest Only Mortgage

Clients were in their late 50’s and had an interest only tracker mortgage for around £175,000 at 0.25% above base. They were looking to raise an additional £40,000 but did not want to sacrifice the mortgage deal they currently have as they intend to downsize to clear it in due course. They could not convert the mortgage to capital repayment due to term/affordability restrictions so we arranged them a second charge loan leaving the existing mortgage as it is.