Raising funds or borrowing money at any time in life especially nowadays can be very daunting and expensive if you get it wrong. There will be various reason you need to raise cash and many options open to the majority. First piece of advice to heed is to get professional advice as the wrong loan […]
Many home owners these days are looking for ways to raise capital which is safe and cost effective. Over recent years property values have increased substantially, many home owners will be pleasantly surprised to see the current value of their property. In the majority of cases it is more cost effective to raise a loan […]
With lenders offering lower rates and the majority of brokers charging lower fees, today’s second charge borrower has access to a very real alternative to a re-mortgage or further advance. Indeed, second charges are having something of a renaissance. The renewed and growing interest from the intermediary market can be demonstrated by significant growth in […]
A recent report has shown that more than half of self-employed small business owners expect to use alternative financing in the future rather than traditional high street lenders. The report showed more than 60% of those surveyed will be raising finance within the next 36 months. Demand for second charge lending is well placed to […]
The majority of homeowner at some stage of ownership will want to raise extra cash for a venture they have in mind. Raising those funds can be very confusing as many people just do not understand what options are available to them. Ever more popular these days is to raise funds secured on the family […]
A survey recently conducted has reported the fallout from Brexit has had little effect on the second charge lending market as 68% of loan applications resulted in an offer this financial year. This figure is 29% higher than the same period last year The proportion of offers that subsequently resulted in a completion also increased […]
2018 is progressing well with brokers reporting a steady rise in both applications and completions compared to the same period last year. A broker in London commented, “seconds offer speed, flexibility and affordable interest rates for all homeowners wanting to raise funds”. “Since regulation lenders have reduced set up costs and interest rates”. “The homeowner […]
Second charges are becoming more popular by the day, the good thing is the homeowner is becoming aware of their availability. One thing to be certain of, if you are considering raising funds using your property as security you will be getting a much better interest rate than a non-secured loan. Could I get a […]
Brokers and lenders alike have welcomed the latest figures showing second charge lending hitting an all-time high in June of this year. These figures are partly down to the new homeowner awareness of second charge lending and what’s on offer. The lending industry has done an excellent job of spreading the word and showing just […]
Second charge lending continues to grow in stature month on month as homeowners look for loans at affordable rates. A survey recently taken from 5000 homeowners clearly shows speed of completion is a key factor when taking out a new loan. Obviously the costs and interest rates were very high on the list of wants […]