Second charge loans expanding in 2019

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The biggest growth area of loans is to the self-employed and buy-to-let landlords, 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. Borrowing money these days is a complex issue and it is vitally important to get the right one that meets your needs in both the short and long term. It is always recommended to seek professional advice when taking out any form of loan.

Speed of lending is always a key issue for borrowers and a straightforward case can complete in approximately 15 working days, lenders are dedicated to reducing this time which has to be good news all round.

Different lending plans emerge daily, and this can only be good news for the borrower. Interest rates and fees are reducing as well, lenders see this market as a growth area in the longer term.

Who qualifies

  1. Home owners
  2. Self-employed owning property
  3. Landlords with buy-to-let mortgages

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 fully qualified advisers who will be happy to help you select the correct loan for you.