Y3S completes £900k secured loan
Y3S has completed a £900,000 second charge loan through Prestige Finance.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Unable to find a mortgage lender to fund the case, the clients were looking to purchase a foreign investment property secured against their home.
Y3S referred the application to Prestige Finance who offered a rate of 5.50%. The loan completed in 13 days.
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, added:
“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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
FCA
FCA bans and fines adviser £100,000
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
