The biggest growth area of secured loans is to the self-employed and individual Landlords and the good news is there are many different plans to suit each individual case. Loans can be fixed for various terms which can give peace of mind or you may wish to just take the standard variable rate.
Different lending plans emerge daily, and this can only be good news for the borrower. Interest rates and fees have reduced as lenders see this market as a growth area in the longer term.
This is a rapidly expanding area of lending and products are increasing to match the demand. It is vitally important you research the market to get the best plan to meet your needs not only now but in the future.
One of the big appeals that second charge lending offers is speed of advancement which can be very important to the borrower. On average a second charge loan is completed within 15 working days, this does of course vary dependant on the complexity.
A recent survey showed that 54% of people surveyed said speed of completion was their priority with affordable rates polling 37%.
Need some assistance?
If you think this type of loan could assist you in your future planning it is very important to ensure you get the correct deal to suit your needs. There are many different lenders offering numerous second charge loans so please do call our advisers who will be happy to help you achieve the correct loan for you.