Tandem received an application for a client who was looking to consolidate close to £50,000 of unsecured debt.
The client had several debts which were being maintained, but as the debt to income ratio was over 80% and the client needed 90% LTV, this was a case which needed a lender who took the time to understand the client’s situation and help put them in a better position financially.
Tandem were able to help consolidate the clients debt and at the same time, save the client in the region of £460 a month, putting them in a much stronger position. Tandem can help with the following:
- Debt Consolidation up to 90% LTV with a maximum of £60,000 unsecured debt
- There is no Debt to income ratio but a cap of a maximum of £100,000 unsecured debt (excluding car finance)
- Free AVM or Free valuation available
- Free Lender only legals to speed the process
- You have access to the Underwriters at Tandem, so you can talk to a human who wants to know the story behind the tricky cases
If you have any clients who are looking for a debt consolidation re-mortgage, then please get in contact at Broker@Tandem.co.uk or 01253 603951.