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Y3S completes its largest second charge loan
Y3S has completed its largest ever second charge loan.
The intermediary-only packager completed the £900,000 loan, which was processed through Prestige Finance, in just 13 days.
The clients were looking to purchase a foreign investment property secured against their home but were unable to find a mortgage lender to fund the case.
Y3S referred the application to a number of lenders and Prestige responded with the lowest rate at 5.5%.
Michael Gallagher, Senior Finance Broker at Y3S, said: “This is Y3S showing its key strengths with one of the UK’s leading lenders.
“Applying a combination of excellent lender relationships, mobile technology and our ability to be physically present anywhere in the UK within hours, we were able to make this deal happen quickly and without fuss - vital for high-net-worth clients.”
Darrell Walker, Head of Sales – Second Charge & Commercial Lending at Prestige Finance and Interbay Commercial, said: “Large loans are a key aspect of our lending proposition at Prestige Finance and we are delighted to have partnered with Y3S to provide a positive customer outcome in this case.”
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