Buster-Tolfree-UTB

United Trust Bank increases maximum loan size to £400,000 for second charge mortgages

United Trust Bank (UTB) has increased the maximum amount it will lend on a second charge mortgage from £250,000 to £400,000 with immediate effect. The multi-award winning lender offers second charge mortgages from £10,000 to £400,000 on a lifetime Bank …

Money

Second charge mortgage new business volumes up by 8% in April

Second charge lending continues to grow in April, according to the latest figures released by the Finance & Leasing Association (FLA). Commenting on the April 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer …

Money

Second charge lending rises 9% in February

Second charge lending continues in February, according to the latest figures released by the Finance & Leasing Association (FLA). Commenting on the February 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance …

Harry Landy Enterprise Finance

Second charge sector tops £1bn for the first time since the financial crisis

The second charge market is showing sustained growth following seven consecutive months of increased annualised lending, as confirmed in the 6th edition of Enterprise Finance’s Second Charge Report. Drawing on data from the Finance and Leasing Association (FLA), Enterprise Finance’s expertise …

Tim Wheeldon

Second charge rise welcome but wider adviser engagement needed

According to Fluent Money’s COO, Tim Wheeldon, the increase in January’s second charge business by 13% over the equivalent period in 2017 is very welcome, but the industry still needs to do more to engage a wider intermediary audience. Figures …

Garry Taylor, Fluent Money

Fluent Money appoints Chief Technology Officer

Fluent Money Group has appointed Garry Taylor as Chief Technology Officer (CTO) to manage the next stages of development of its IT system. Garry, who has been at Fluent Money since its inception, also worked with its founding directors at …

Sonny Gosai

Clever Lending in drive for second charges

Clever Lending has realigned a number of business processes to continue its drive to be the leading master broker in the seconds market. With a focus on new DIP forms, improved technology and faster response times, the new initiatives will …

Money

Second charge mortgage new business volumes grow in 2017

Second charge mortgage new business volumes continued to grow in 2017. Commenting on the 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said: …

Second charge mortgage repossessions fall to a record low

New figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in 2017 was 105, 27% lower than in 2016. In the final quarter of 2017, the number of repossessions was 27, …

West One Loans partners with Fluent Money Group

Leading specialist second charge lender, West One Loans, has announced a new partnership with Fluent Money Group, the UK’s largest master broker for secured loans, to offer its range of residential and buy to let products. Today’s announcement comes after …

FEATURED ARTICLES

The Five Minute Interview with Sam Kirtikar, managing director, Clever Lending

Clever Lending are a second charge master broker focused on making secured loans more accessible to you and your clients. One of their most important objectives is to ensure they work closely with you and support you in providing compliant …
Tim Wheeldon

Fluent Money – Let’s treat mortgage brokers fairly

Fluent Money’s Joint Managing Director, Tim Wheeldon, has warned that to win over more intermediaries to the second charge alternative to remortgaging, the industry must be clear on its facts. Fluent Money, the UK’s largest second charge broker, gained its …

Shawbrook provides guidance for brokers on FCA permissions

Shawbrook Bank’s Commercial Mortgages division has released its own set of guidelines around FCA permissions to support brokers following the transfer of responsibility for regulation of consumer credit business from the OFT to the FCA. The guidelines are the latest …

Case Study: Buy to Let Secured Loan

  We caught up with James Rainbird, Managing Director at Pink Pig Loans who told us about a recent buy to let secured loan: “Here at Pink Pig Limited we received a joint application requesting a £100k secured loan on …

How can brokers enhance their offering by using a packager?

  Vantage Finance is one of the UK’s leading specialist packagers. Established in 2004, its expert team offers secured loans, buy-to-let mortgages, commercial finance, short term loans (bridging loans) and development finance for intermediaries. Lucy Hodge, Director of Vantage Finance, …

Surveying – The ever changing landscape

  It is fair to say over the past 6 years, the landscape of property finance has changed. The industry we see today is almost unrecognisable from the heady days of 2006, when basically the only criteria in obtaining a …

Shawbrook launches secured loan buy to let product

  Rates from 9.95% The 9th of April sees the launch of a market leading second charge buy to let product from Shawbrook Bank. This new product will help customers raise finance against their residential investment property. Shawbrook is blazing a …