There Is little doubt that second charge lending popularity is increasing on a daily basis. Second charge mortgages have increased this year month on month and continue to do so as more people become aware of just how advantageous they can be.
This type of lending is so easy and quick to secure lenders are increasing their portfolios at a rapid rate. An average case presented will complete in approximately 14-21 working days, as you can see this is so much quicker than the standard re-mortgage.
Different lending plans are emerging daily and this can only be good news for the borrower. Interest rates and fees have reduced considerably as well as lenders see this market as a growth area in the long term.
The biggest growth area of loans is to the self-employed 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.
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.
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.