BTL Second Charge Guide - Flipbook - Page 3
PRODUCT RANGE
Scroll's Buy-to-Let second charge at a glance
6.65%
75%
£25k-£1m
3-25 yrs
INTEREST-ONLY TERMS
Home equity loan (HEL)
Home equity line of credit (HELOC)
A traditional second charge loan available as a 2-year or 5-year
A 12-month revolving facility. Clients draw down and repay as
fixed rate, variable rate, or Scroll's unique "flexi-fixed" variant -
needed - ideal for phased projects like auctions, staged
aligning the fixed period with the remaining term on the first
refurbishments, or portfolio improvements where certainty of funds
mortgage.
matters but timing is flexible.
Multi-property loans
Flexi-fixed
Borrow against up to 10 security properties on a single loan -
Set a custom fixed rate period aligned with the end date of the first
releasing equity across the portfolio, simplifying case packaging,
mortgage fix - avoiding mismatched terms and supporting a cleaner
and reducing the administrative burden of multiple applications.
refinance strategy down the line.
Eligibility at a glance
✓ Portfolio and Professional Landlords
✓ Multi-property - up to 10 security properties per loan
✓ Individual landlords and limited company SPVs
✓ No minimum personal income requirement
✓ Up to 4 applicants per case
✓ Properties in England and Wales
✓ HMOs accepted (up to 6 beds)
✓ DSCR-based affordability (125% standard, 160% HMO)
✓ No stress test on existing first mortgage
✓ Any legal loan purpose accepted
Important: Consumer Buy-to-Let (CBTL)
Scroll does not currently lend on a Consumer Buy-to-Let (CBTL) basis. Applications will not be accepted where either the borrower or a relative
has lived in the property since it was purchased, where the property was not originally purchased with the intention of letting it out, or where the
property was inherited rather than purchased.
2
