Entries by 2nd Charge Loans

Second charges on the up again

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 […]

A better choice of lending?

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 […]

Landlords – The place to be for stability

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. […]