The costs of second charge finance in 2017 is likely to be less expensive than last year, great news for the borrower indeed. Interest rates and fees have reduced significantly over the last six months as finance companies battle for a slice this ever-growing market. We are also seeing new incentives added to packages including […]
This year has seen a significant decrease in the time it takes second charge loans to complete which is indeed great news for the borrower. Lenders have seen their market share grow at a rapid rate as more clients need to complete their financing quicker than the traditional methods on offer, time is money as they […]
The second charge mortgage market must keep pushing the education message if it wants to continue to progress Second charge loans are still increasing but not at the rates all experts had predicted. It’s a niche market of course, but it needs to be a bigger niche market. The influx of business all expected post-MCD has […]
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 15% 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 […]
A second charge mortgage is a loan borrowed against your home, on top of your existing mortgage. As the second charge is secured against your property, you need to have sufficient equity in your home to support the loan. If you were ever to default on your repayments and have your home repossessed and sold, […]
A significant rising number of people taking out a second charge loan to improve their existing homes could hit the new-build property market during 2017. Some of the UK’s major house builders had been predicting a slowdown in completions during 2017, and that had been further evidenced by an increase in second charge loan applications as […]
The second charge loan industry has seen massive growth over the past few years and it continues to grow. The facts are the second charge lending market grew by 34% in 2016, with the total size of the sector reaching record levels of lending. 2017 is following the same trend with loan applications and completions […]
Consolidate debt Do you turn to credit to help make ends meet? It’s an increasingly popular solution, but it may not be the best one, because those credit agreements can quickly add up – and monthly repayments could start getting out of control as a result. So why not consolidate? Turning debt into a single, […]
Second charge loan advantages and benefits: There are many very good reasons to consider a second charge loan over a re-mortgage and these are just a few. Speed of completion Flexible repayments No early repayment fees Much lower set up charges A secured loan can be used in many situations to assist a client get […]
Why is second charge lending growing so quickly? In these hard times of financing it has become more important to be able to complete a deal on time. Second charge lending has grown in status year on year and seems to be going from strength to strength. Second charge loans deliver funding quickly and efficiently […]