The number of second charge loans taken out in August was up by 103% year on year to 2,214, according to the latest statistics from the Finance and Leasing Association. By value, second charge business was 118% higher compared to a year ago at £95m. However, month-on-month, second charge lending was down 6% by value […]
Increases in the second charge loan market suggests economic uncertainty is causing more people to improve their current property rather than move. Data shows there has been an 8.9% increase in people applying for second charge finance in the second half of 2021, when compared to the same time in 2020. Figures also show that […]
Second charge mortgages are becoming a progressively more competitive way for borrowers to raise funds on their existing property, and product innovation means that there are more ways for clients to access a second charge mortgage. For example, a growing number of landlords are choosing to raise capital with a second charge on a buy-to-let […]
The number of new second charge loans taken out in June was 1,960, up 195% on the same month last year, according to the latest figures from the Finance and Leasing Association (FLA). The value of second charge business in June was £91m, equating to a 236% increase in value compared to May 2020. For […]
The latest figures from the Office for National Statistics show self-employment is at its highest point since records began over 40 years ago, this means nearly 19% of UK workforce is now self-employed. This ever-increasing sector of the UK workforce is probably the most in need of specialist lenders. A large number of high-street lenders […]
Has this pandemic increased your debt? The coronavirus 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 […]
With lenders offering lower rates and the majority of brokers charging lower fees, today’s second charge borrower has access to a very real alternative to a re-mortgage or further advance. Figures recently released by the Finance & Leasing Association reveal that second charge mortgage business increased in May by 14.4% in value and 18% in […]
Perhaps you have got plans for the year ahead and want a cash injection to fund things, or maybe you need a new car or home appliance? Well, whatever your reasons for needing a loan, you can now snap one up for the cheapest ever rate. There is a great choice of loans available these […]
Several lenders have claimed an increase in the second charge loan market suggests economic uncertainty is causing more people to improve their current property rather than move. Data shows there has been an 8.4% increase in people applying for second charge finance in the first quarter of 2021, when compared to the same time in […]
The latest figures for the second-charge market, from the Finance & Leasing Association (FLA), make for positive reading. It found that the value of new business for April came to £88m, the most positive month for new lending in a year, while the number of new loan agreements is now unchanged from last March. It […]