For the time being second charge interest rates are likely to remain at their all-time lows. If you are considering a new loan now could be the time to make your move, there is a feeling amongst the experts this trend could soon be reversed. Second charge loan interest rates have been tumbling for months […]
This is an increase of 11.5% on October’s figure and is the second post-credit crunch record breaking month in a row. In fact, it’s accurate to say that second charge lending is witnessing its highest period of lending (Q4) since 2008. In November, over 3,000 loans were written for the first time since 2008, making […]
There has been a flurry of activity in the second charge loan sector recently as lenders look to re-price their products downwards. We are pleased to inform you second charge loans are at their lowest rates the sector has ever seen. Great news for borrowers indeed, this is without doubt one of the contributing factors […]
The Buy to Let City Tracker provides landlords with an insight into the UK’s best investment hotspots by analysing five key indicators which impact the desirability of locations. Analysis takes in the average total rent, the best short-term returns through yield as well as the long-term return through house price growth over the past decade. […]
Covid-19 has left many people financially worse off with debts increasing. One of the many advantages of debt consolidation is that when done properly it lowers the total amount of interest you are paying. The idea is to consolidate higher interest debts into a single loan with a lower rate. So, the first question to […]
October lending was 12% higher than September’s figure of £110.2m, taking the total for 2021 up to £924.6m, meaning it is “almost guaranteed” to surpass £1bn by the year end. The number of completions jumped 56% year on year to 2,839 in October, marking a new record. Lending was boosted by new entrant Selina Finance […]
When the pandemic took hold last year, a host of second-charge lenders pulled back on their lending. As a result, the market struggled. However, there’s no denying that the second-charge market is now booming. In fact, the latest figures from the Finance & Leasing Association show that in September this year new business agreements jumped […]
A mortgage is no more than a secured loan against an asset by way of a lien. A second charge works in exactly the same way. In other words, a lender loans money to a borrower so that he / she may buy a property. The loan is conditional upon a variety of terms, one […]
Before you decide to re-mortgage do take time to explore the benefits this form of lending can offer. Second charges will not suit every situation, but it is worth getting professional advice to see if this could help you. Who can benefit from second charge lending: First charge has a tie-in period and has penalties […]
The majority of homeowner at some stage of ownership will want to raise extra cash for a venture they have in mind. Raising those funds can be very confusing as many people just do not understand what options are available to them. Ever more popular these days is to raise funds secured on the family […]