Secured Loans

Second charge mortgage business grows in October

Wed 13 Dec 2017

The value of new second charge business in the 12 months to October rose by 13% from that the previous year, Finance & Leasing Association (FLA) stats show. This October the value of new business was £85m, a rise of 20% from that of the previous year. In the 12 months leading up to October, […]

Personal Touch adds Shawbrook and Paragon for seconds

Mon 4 Dec 2017

Shawbrook Bank and Paragon Bank have been appointed to the Personal Touch second charge panel. Shawbrook’s second charge mortgage range features loans up to 95% loan-to-value (LTV), a maximum loan of £1m and no ERCs. Paragon offers loans up to £500,000 at 85% LTV. Dave Edwards, commercial director, Personal Touch, said: “Second charge has soared […]

Second charge sector grows for seven consecutive months

Wed 15 Nov 2017

Annual second charge lending has increased for seven consecutive months, Enterprise Finance’s second charge report reveals. A total of £979m was lent in the 12 months to September 2017, up from £892m the year before. Lending has increased consecutively year-on-year from March to September. Harry Landy, managing director of Enterprise Finance, said: “The sector has […]

Precise appoints two BDMs

Thu 7 Sep 2017

Precise Mortgages has appointed two business development managers in Claire Aston and Chris Dolan. They will look after intermediaries in the West Midlands and the North East/Yorkshire respectively. Jamie Pritchard, head of sales for Precise Mortgages, said: “I’m delighted that Chris and Claire have joined our expanding sales team. “Brokers in their regions have been […]

Brightstar appoints three department heads

Thu 27 Jul 2017

Brightstar Financial has promoted Jeff List to head of buy-to-let, Paul Debney to head of commercial finance and Darren Perry to head of second charge mortgages and unsecured loans after restructuring the business. The distributor now has five department heads, with the other two being Gina Blagden as head of residential mortgages and Kit Thompson […]

Specialist lenders filling liquidity gap

Fri 26 May 2017

Three quarters of property investors raised alternative finance in the past year after struggling to obtain mainstream funding, a survey from MT Finance reveals. Almost half (44%) of the 82 property investors questioned cited affordability as the main barrier to getting mainstream funding. The survey also showed that 47% of investors got a secured loan as […]

Fluent: New sourcing systems vital for secured loan popularity

Mon 22 May 2017

Fluent for Advisers says the next generation of sourcing systems will be invaluable in popularising secured loans among the intermediary community. Tim Wheeldon (pictured), chief operating officer at Fluent, said: “Mortgage Brain’s new sourcing engine is very impressive. “Sourcing facilities like this will go a long way to helping demystify secured loans and give brokers […]

Second charge will turn a corner in 2017

Mon 27 Mar 2017

Specialist broker Enterprise Finance is optimistic the second charge market will improve in 2017 after going through what it deemed a transitional year. Second charge lending rose by just 4% year-on-year to December 2016, something Enterprise blamed on the Mortgage Credit Directive and the vote to leave the European Union. Harry Landy, sales director of […]

Norton Finance wins Feefo Gold Service Award

Mon 20 Feb 2017

Norton Finance has won a Feefo Gold Service Award to congratulate their delivery of exceptional experience rated by customers. Norton Finance met the criteria of collecting at least 50 reviews between January 1 and December 31 2016 and achieved a Feefo service rating of between 4.5 and 5.0. Paul Stringer, director of Norton Finance and […]

PMS to host 11 specialist lending events

Fri 2 Sep 2016

PMS Mortgage Club will host 11 events on the specialist lending sector for directly authorised firms this September. The Mortgage Extra Live Events will provide product and regulatory updates and will be supported by over 40 lenders and providers. Some of the specialist lending themes being covered will include limited company buy-to-let, adverse credit, second charge […]