Scroll Finance

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Get in touch

Intermediaries only

0121 828 5884

customer Services

0121 828 5885

Customer Services

0121 828 5885

Head Office London

Office Solihull

102, Regus
Central Boulevard
Blythe Valley Business Park
Solihull, B90 8AG

Office Solihull

Room 102, Regus
Central Boulevard
Blythe Valley Business Park
Solihull, B90 8AG

    Get in touch

    Intermediaries only

    0121 828 5884

    customer Services

    0121 828 5885

    Customer Services

    0121 828 5885

    Head Office London

    Office Solihull

    102, Regus
    Central Boulevard
    Blythe Valley Business Park
    Solihull, B90 8AG

    Office Solihull

    Room 102, Regus
    Central Boulevard
    Blythe Valley Business Park
    Solihull, B90 8AG

      FAQ

      Scroll Finance or Scroll is a fintech lender setup to offer flexible financing solutions to UK homeowners and landlords by allowing them to easily access their home or property equity to meet essential needs. Scroll is built on modern technology to deliver a seamless and fully digital customer journey resulting in a fast and convenient process. This is possible due to the technological advancements that have enabled Scroll to make real-time decisions without manual interventions as compared to the traditional lending model.‍ Scroll has been founded by individuals with significant experience in UK mortgages, consumer lending, and fintech. Click here to find out more about us.

      Home equity is the difference between the saleable value and the current mortgage balance of the property. Most homeowners and landlords hold significant equity in their homes or buy-to-let properties.

      It is a loan secured on your property in addition to the primary mortgage you already have. A second charge mortgage enables you to unlock the equity you have built up in your property without having to refinance your first mortgage, which normally is a long and cumbersome process, which may force you to pay early repayment charges.

       

      Landlords can use Scroll’s HEL and HELOC products to meet any legal essential needs including but not limited to home improvements, property purchase, debt consolidation, paying university fees, and so on

      The maximum Loan-to-value (LTV) ratio that Scroll can fund is up to 80%.

      An indicative quote from Scroll will include the APRC (annual percentage rate of charge) which can be used as a comparison with similar loan products. The not this APRC, besides the interest rate, includes additional costs such as the product fee and broker fee.

      The product fee charged by Scroll is a flat 2% for HEL and an additional 0.5% for an add-on HELOC. Scroll’s HEL product is fully flexible, and we do allow early repayments with a market leading flat fee of 2% of the pre-payment amount.

      Broker fees are negotiated directly between the borrower and their broker. The borrower may choose to pay any broker fees upfront or add these to the loan or do a mixture of both.

      Please see our full list of tariffs and charges.

      Scroll offers competitive pricing to each borrower based on individual risk factors such as:

       a. Loan-to-Value (LTV)
       b. Type of borrower
       c. Borrower credit profile
       d. Property value
       e. Size of loan
       f. Purpose of loan
       g. Type of property

      The property is appraised via our partner Rightmove with an Automated Valuation Model (AVM). This model takes into account metrics such as recent sales of similar properties, public data records, and historical price trends in the housing market to reach an assessment of your property’s worth. Alternatively, we may instruct the broker to conduct a drive-by or physical valuation if required.

      Yes, there is full repayment flexibility. Scroll offers market-leading flat 2% early repayment charges of the amount being repaid.

      Both HEL and HELOC are unregulated products. Currently Scroll Finance Limited does not offer or provide any products which are regulated by the Financial Conduct Authority.

      a. Fully digital application: Provide a few simple details about you, your property and your loan on Scroll’s easy to use, smart platform.
      b. Automated validation checks: Scroll is proud to partner with the likes of Experian and Rightmove to provide real-time, automated credit and valuation checks – we do the work, so you don’t have to!
      c. Flexible and bespoke terms and rates: Specify your own fixed rate period or choose from one of our flexible options.
      d. eSign and get cash fast: Electronically sign paperwork and grab a coffee – funds will be transferred directly to your account.

      You can apply through one of the brokers we work with and get an indicative quote, which takes only a few minutes. For any additional queries, please contact us on customer.services@scrollfinance.com.

      Yes, it is possible to apply for multiple loans to the extent that the borrower has multiple security properties.

      No, an initial enquiry or quote will not affect your credit score. We will only run a soft credit check which will not leave a footprint on your credit file. Only after you have accepted the conditional offer, will the hard credit check leave a footprint.

      Scroll’s loan term is flexible – you may take out a loan over any period from 3 to 25 years.

      If you have a competitive rate on your first mortgage and a long maturity date, you would not want to refinance it earlier than required. HEL enables you to keep your first mortgage as it is, at attractive terms. You would not be liable for any repayment charges on your first mortgage.

      Re-mortgaging a property requires a full process again just like the one undertaken for the first mortgage. This means revaluation of the property and rental incomes alongside borrowers’ personal income. However, Scroll can disburse funds within 5 working days (in most cases) through an easy and convenient process.

      If you choose to go for HELOC, Scroll provides further flexibility to draw down funds only when you need them. And you will only pay interest for what you use, when you use it.

      There will be no impact on the current first mortgage arrangement as the second charge loan will be an independent facility. However, we’ll require consent from your first mortgage lender.