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When a homeowner required fast access to funds for debt consolidation while retaining an active Help to Buy charge on their property, we structured a second charge mortgage solution that delivered speed, flexibility, and affordability without disturbing their existing arrangements.
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Residential homeowner with an active Help to Buy equity loan in place.
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Required £26,000 for debt consolidation purposes at 60% LTV.
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Existing affordability constraints prevented redemption of the Help to Buy charge at this stage.
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Needed a lender that would not require Help to Buy consent to proceed.
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Required a fast, streamlined underwriting process using an automated valuation approach.
- Completion achieved within hours of initial application, ensuring urgent financial pressure was resolved quickly.
The Client:
The clients were residential homeowners living in a 3-bedroom detached property valued at approximately £380,000. They were seeking a way to consolidate existing unsecured debts while maintaining their current Help to Buy arrangement, which they were not in a position to redeem due to affordability constraints.
The Situation:
The clients were experiencing financial pressure due to existing unsecured debt commitments alongside their ongoing Help to Buy equity loan. Redeeming the Help to Buy charge was not feasible at the present time, meaning any solution needed to work around the existing arrangement without requiring lender consent for repayment or restructuring.
They required a specialist second charge mortgage lender who could support debt consolidation while leaving the Help to Buy charge undisturbed. Speed was critical, as the clients were looking to stabilise their monthly outgoings as quickly as possible.
Our Solution
We identified a lender with a strong appetite for straightforward residential second charge cases involving existing Help to Buy charges. The lender was able to proceed without requiring consent from the Help to Buy provider and utilised an automated valuation model to significantly accelerate the underwriting process.
The application was assessed swiftly, with an empathetic understanding of the clients’ financial position and urgency. This allowed the case to progress from initial enquiry through to full completion in under six hours.
The streamlined process ensured the clients were able to consolidate their debts quickly, reduce monthly financial pressure, and maintain their existing property ownership structure without disruption.
Benefits & Results:
The clients successfully secured a £26,000 residential second charge mortgage, enabling them to consolidate existing unsecured debts into a single, more manageable monthly repayment.
The solution allowed the Help to Buy equity loan to remain in place, avoiding the need for repayment or restructuring at this stage.
By utilising a lender with appetite for streamlined underwriting and automated valuation, the case was completed in under six hours from initial application, providing immediate financial relief for the clients.
The rapid turnaround ensured the clients were able to stabilise their financial position quickly and reduce monthly pressure without delay.
This case demonstrates how second charge mortgage lending can provide a fast and flexible alternative to remortgaging, particularly where Help to Buy charges or affordability constraints limit other options.
This outcome was made possible through Aria Finance’s ability to rapidly assess lender appetite, package the case correctly from submission, and align the application with a lender capable of fast-track decisioning. Our experience with time-sensitive debt consolidation cases ensured completion was achieved without unnecessary delays or additional requirements.
