Norton Home Loans is a specialist 1st & 2nd Charge Mortgage Lender. The main focus is specialist residential lending to homeowners for a variety of different reasons. Many of our customers wish to consolidate expensive debt whilst others want to improve their home. Some may have impaired credit normally due to long term sickness, redundancy or a relationship breakdown in the past. Homeowners are able to rebuild their credit history and after a period of time in many cases they will remortgage to a high street lender. Buy to Let and Commercial mortgages are not available.
What mortgage loan purposes can be considered?
As long as the loan purpose is not illegal it can be considered. However the typical purposes are:
- House purchase, remortgage or transfer of equity.
- Debt consolidation that can include paying off an IVA or Debt Management Plan.
- Home improvements.
- Car, caravan or boat purchase.
- University or college fees.
- Business purposes.
- Deposit for a “buy to let” property.
What is the minimum and maximum loan amount and property loan to value?
The minimum loan amount is £3000 and the maximum lending is up to £350,000.00 however the maximum loan amount is plan dependent.
Maximum 1st Charge Mortgage Amount £350,000.00 and the potential of 85% LTV to include the lender, broker and any other additional fees added to the mortgage. The exception being “right to buy” purchases, as the maximum LTV is 60% on these.
To discuss Norton Home Loans call our sales team on 01403 272625 or email
sales.team@impactsf.co.uk
Submit a DIP
Lender Documents
