Established in 2009, Prosper Loans is the trading name of Prosper Financial LLP - a leading broker of Secured Loans. We assist property owners looking to consolidate debts, make home improvements or purchase a second property.
Through our panel of reputable lenders, we have helped thousands of clients find second mortgage finance on residential owner-occupied and investment property in England, Wales and Scotland.
Prosper Financial and our panel of lenders conform to all current regulations, legislation, rules and guidance, including lending responsibly and treating customers fairly.
A secured loan or second charge mortgage is simply a way that homeowners can secure a loan using any equity in their property as security.
Secured Loans can be arranged for :
- Principal places of residency
- Buy to Lets
- Commercial Properties
- Loans from £5,000.00 to £150,000.00 (more by referral)
- Up to 85% Loan to Value (LTV) available
- Self Certification to 75% LTV available
- Self Employed income assessed from last 3 month Business bank statements. No accounts or accountant contact required.
- Adverse credit to 75% available
- Borrow over 5-30 years
- No upper age limit
Benefits to Clients
- Short completion schedule - average time to complete is 18 days
- Raise finance for any legal purpose
- Avoid paying early redemption charges (ERC) on your first mortgage or retain your fantastic existing tracker rate
- Early Repayment Charge is only one month's interest
- No up front costs. Valuation fees are paid on ALL applications except second charge Commercial Mortgages. In most cases there are no legal fees to pay either
- Self employed - income can be worked from the last 3 months business bank statements with no accountant confirmation required
- Generous income multiples