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 which is something high street and private banks just cannot do when re-mortgaging. A recent survey of borrowers clearly shows one of the most important ingredients in funding a deal is speed of completion and the costs involved. The survey showed that traditional re-mortgaging is taking far too long to get funds released and deals falter due to this reason.
One client interviewed said “I have just taken out a second charge loan on my property and found the process efficient and very fast”. “I would have no hesitation to recommend this type of funding, just make sure you explore all the options open to you by getting professional advice”.
Nowadays there is a vast choice of loans available and it is vital to get the correct one to suit your budget and expectations. With talk of rate raises later this year do check out the fixed deals on offer as this could in the longer term save you money.
If you have a financial situation and need clarity of what can be done call us now and we will be very happy to talk things over. https://www.second-charge-loans.co.uk/contact/