Rates Reduce

Second charge rates reduce

For the time being mortgage interest rates are likely to remain at their all-time lows. If you are considering a new or re-mortgage now could be the time to make your move as things could be changing in the near future.

Second charge loan interest rates are falling all the time as well, this type of loan could be used as an alternative to a re-mortgage if it fits your lending criteria. Second charge lending is growing in stature and is now a very serious alterative to the once traditional re-mortgage.

Lenders have seen the potential growth in this area of raising funds and have responded well by offering competitive short and long term packages to suit the majority of needs. Over the last 12 months interest rates have tumbled and are now very much in-line with a standard mortgage.

In the past a second charge loan was seen as a very expensive alternative to more traditional methods of raising capital. Now-a-days this is just not the case as lenders have expanded their lending to meet the increased demand.

This form of loan will not suit everybody but it is without doubt worth exploring with the advice of a qualified adviser. These days the choices of loans open to the majority of homeowners is vast and it is vital to get the correct one to suit your needs. Making the wrong choice could prove to be very expensive over the longer term so do seek the appropriate professional advice.

Need some assistance?

If you think this form of loan could assist you in your future planning it is very important to ensure you get the correct advice. There are many lenders offering numerous second charge loans, please call one of our advisers who will be able to guide you in the correct direction.