Common use of Alternative Finance Options Clause in Contracts

Alternative Finance Options. You should note that where we provide services in relation to increased borrowing on an existing mortgaged property there may be alternative options available to you that may be more appropriate. For example, you may be able to obtain a further advance from your existing lender, or obtain an unsecured loan for the additional funds. Where your existing mortgage is a first charge against the property, a second charge mortgage may be available and where the existing mortgage is a second charge a first charge loan may be available.

Appears in 10 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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