News

Second charge new business up 33%

16th August 2017 0

The second charge market continued to grow in June with new increasing by a whopping 33% by value, according to the latest Finance & Leasing Association (FLA) figures. This is the fourth month that the […]

Latest News

Second charge market shrinks by 6%

10th March 2017 0

Second charge mortgage lending dipped in January as new business levels saw a month-on-month decline of 6% by value and 11% by volume, according to the latest figures from the Finance and Leasing Association (FLA). […]

News

Customers with CCJs flock to seconds

20th February 2017 0

Customers hit by a county court judgements (CCJs) are increasingly taking out second charge mortgages, anecdotal evidence suggests. Seconds lender Equifinance claims the profile for customers taking out a second charge mortgage has changed significantly […]

News

Gareth Broome joins Presitige

21st November 2016 0

Prestige Finance has appointed Gareth Broome as senior business development manager as it looks to strengthen its relationships with broker partners and intermediaries across the UK. Broome has more than a decade of specialist experience in the […]

News

Second charge repossessions down 36%

10th November 2016 0

Second charge mortgage repossessions were down 35.7% in Q3 when compared to the same period last year, figures from the Finance & Leasing Association have found. In the third quarter the FLA recorded 40 repossessions, […]

Bridging

V Loans withdraws from seconds and bridging

8th November 2016 0

Second charge master broker firm V Loans has withdrawn from the second charge and bridging markets. The move follows the implementation of the Mortgage Credit Directive earlier this year which has seen the second charge market […]

Bridging

Brexit shock fails to knock second charge lending off track

8th November 2016 0

The second charge sector continued to shake off post-Brexit troubles, with new business volumes in traditionally-quiet August up 6% on 2015, the second edition of specialist master broker Enterprise Finance’s Second Charge Report reveals. The […]

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