Second charges completing even faster

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 say!

This is very good news for borrowers as delays can cost money. Completions have seen a 20% reduction in time since the start of the year and lenders are looking at ways to reduce even more.

The market for second charge financing continues to grow month on month as more borrowers see this form of loan more convenient and cheaper in the long run. This trend looks set to continue well into 2017 and beyond.

A second charge loan in days gone by was seen as a very expensive option to raise money. This situation has changed dramatically, so if you are a homeowner looking to raise funds this could be the solution you require. It is vital to get professional assistance when choosing the correct loan to suit your needs as there are so many different options.

Seeking advice?

Our advisers are fully trained and skilled in providing you with a professional fast service to meet all your financing needs. Please do call us to discuss your requirements and we will do our very best to assist you.