For the time being second charge interest rates are likely to remain at their all-time lows. If you are considering a new loan now could be the time to make your move as things could be changing soon. Second charge loan interest rates have been tumbling for months now. This type of loan could be […]
June saw the second charge mortgage market have its fourth consecutive month of growth, with new business up 33% by value and 22% by volume. The number of new second charge mortgages in the first half of 2017 was 10,401, 11% higher than in the same period in 2016. Second charge mortgages can be particularly […]
The main reason why people choose secured lending is to save money which we all want to do! A second charge loan is likely to offer better rates of interest as the loan is secured on your property. Unsecured loans from high street banks and other sources can be notoriously expensive, we have all seen […]
One of the many advantages of consolidating debt is that when done properly it lowers the total amount of interest you are paying. The idea is to consolidate higher interest debts into a single loan with a lower rate. So, the first question to ask is what makes up the bulk of your debt? If […]
In these very active times of financing it has become more important to be able to complete a deal on time. Second charge finance is growing in status year on year and is going from strength to strength, delivering funding quickly and efficiently. This is something high street banks and mortgage companies just cannot do […]
The second charge mortgage market saw a rise in volume and value in May – making it the third consecutive month of growth, according to the Finance and Leasing Association. The value of the second charge market was £88 million in May, up 27% on the previous year. There were over 1800 new second charge mortgages taken […]
The Finance & Leasing Association (FLA) has revealed its members new business figures for the second charge mortgage market in May 2017. During the month, £87m of second charge new business was completed, up 26% year-on-year. For the year to the end of May, £259m has been transacted, at 25% rise on the same period last year. Second […]
Second charge mortgages are becoming increasingly popular with the number of people opting for one at its highest level since 2009. They are also referred to as secured loans. This is because the loan is secured on the property thus making the interest rate cheaper than an un-secured loan. Second charge loans allow you to […]
Second charge loans are growing in stature time on time as more homeowners become aware of their vast array of uses. Recent house price figures are showing a continued increase in property values which is great news for homeowners indeed. With property values increasing this in turn means more free equity within the property to […]
We are seeing more and more second charge loans forging ahead. Encouragingly, completions for April alone were £79m – 53% higher than in April 2016. The sector is pushing to break annual lending of £1bn for the first time since the recession. Pricing is easiest to change and it has fallen at all LTVs, with […]