Access Exclusive Second Charge Loans from Step One Finance

About Step One Finance

Step one finance concentrate on a two specific loan areas allowing them to offer loans to people with adverse credit problems.

We have highlighted below the types of loans that they offer and the information provided was correct at January ‘21.

What type of Finance do Step One Offer?

Second Charge BTL Mortgages – These are loans that are secured on BTL property that carries an existing first charge mortgage, all as described on this site.
Secured Loans – These are loans secured against a property or other asset, all as described on this site.

Key Features

Loan Values – From £5,000 to £500,000 but up to £35,000 at 100% LTV.
Loan Terms – from 6 to 30years
Interest rates – From 6.9%.
LTV – Up to 100% of property value less existing mortgage
Early repayment charges – Yes, can be 1%, 2% or 4% depending on loan term

Eligibility Criteria

Minimum property value – £75,000
Credit history – Adverse credit problems accepted
Age Range – No Limit, have lending into retirement criteria.

Typical processing time

Unlike normal mortgages, because your property is securing the loan, they can usually be processed very quickly. From agreeing to proceed with your application an average time of around 4 weeks would be considered normal for you to receive your money.

How do I apply

Complete the enquiry form shown here and you will be contacted by our staff to assess your requirements and circumstances. If you are eligible for the loan you require, you will be connected to one of our brokers who will handle the application process for you.

Get a FREE Quote

To find out more about Step One Finance products please click on the button below to request a call back by one of our friendly staff to discuss your requirements and circumstances. If you are eligible for the loan you require, you will be connected to one of our brokers who will can give you a FREE quote and handle the application process for you.