Lending volumes increased by 17% in February.
Related topic: Second charge
David Binney, commercial manager at Norton Home Loans, explores rising demand for second charge solutions, ongoing misconceptions surrounding the second charge market, and why the...
The partnership has been extended to incorporate all second charge activity across the business.
Pepper can now release funds where a customer’s first charge mortgage is held with one of 21 approved lenders.
Second charge volumes grew for the second consecutive month.
The top search term for second charges was capital raising for debt consolidation.
The products are targeted at customers who have overcome problems with their credit.
The launch of e-signatures will further increase the speed of the mortgage process.
UTB is now offering binding offers with special conditions, including first mortgage consent.
In 2023 overall, new business volumes were 10% lower than in 2022.