Jonny Jones, CEO at Interbridge Mortgages, explains why, as the second charge market continues to evolve, brokers must stay informed and open-minded to provide the best advice and...
Related topic: Second charge
In June, the second charge mortgage market reported the highest number of new agreements since September 2022.
The second charge lender will now consider up to 100% of bonus, overtime, and commission income.
The lender has introduced fee-free options, increased LTVs and enhanced its adverse credit eligibility rules.
Pepper has replaced the application form and I&E form with a new application summary and application declaration.
The new product range marks Century Capital's expansion beyond the prime property sector.
Rates have reduced by more than 2%.
Scottish Bridging Loans offers coverage across the entire country, including the Highlands and Islands, without any postcode restrictions.
David Binney, head of sales at Norton Home Loans, explains why the industry must work harder to help change the way people think about second charge mortgages.