Many homeowners these days are looking for ways to raise capital, which is safe, quick, and cost effective. Over recent years property values have increased year on year and the majority of homeowners will be pleasantly surprised to see just what their property is now worth. In the majority of cases it is more cost […]
Second charge lending totalled a new post-credit crunch record of £138.4m in February, posting a year-on-year increase of 83%. The figures from second charge lenders, showed a strong start in 2022 as January had a lending total of £111.4m. The number of loans written was all but identical between December 2021 and January 2022 at […]
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 […]
Confused about your next loan, you’re not alone I assure you? An unsecured loan is a loan made to a party without any particular asset offered as collateral/security. A secured loan on the other hand is secured on your property, which has very different implications. Unsecured loans are usually for small amounts but can be up to […]
More people than ever before are turning to a second charge mortgage to raise funds rather than taking out a personal loan or re-mortgaging. What is a second charge mortgage? Second charge mortgages are becoming increasingly popular, with the number of people opting for one at its highest level since 2008. They allow you to […]
Re-mortgage or a second charge do you know the difference? Why would one opt to take the second charge route rather than re-mortgage? For example, many customers have a really good first mortgage deal, maybe a great fixed or tracker rate that they don’t want to give up. Taking a second charge at a higher […]
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. […]