First 4 Seconds were contacted by John and Katie who were looking for advice on better ways to budget their monthly expenses, after Katie had given up work to look after their growing family.  With credit card commitments biting hard and only John’s income to rely on, we arranged a second charge loan for £15,000, to clear all their credit commitments, saving them £225 per month in the process. Funds were drawn within 8 days of submitting their application.


Loan amount:                                  15,000

Loan term:                                       15 years / 180 months

Monthly payment:                         £124.93

Annual rate:                                    5.34% Variable rate (No ERCs)

1st charge mortgage balance:     £212,500

Property value:                               £350,000

Loan to value:                                 65%