Optimum Credit Introduces New Fixed Rates

With a seemingly ever growing demand for Fixed Rate products Optimum Credit is pleased to announce that they now be offering Fixed Rates over 2,3,4 and 5 years. If your clients have a preference for fixed rate products, please get in touch with Smart Money Limited.

FT Adviser – Changes to Regulation of Second Charge Mortgages

Historically, second charge mortgages were regulated by The Office of Fair Trading, but as of 1 April 2014 regulation passed to the Financial Conduct Authority, which took up the consumer credit element of the now disbanded body. Matt Tristram, owner and co-founder of Loans Warehouse and Clearly Loans, says the industry is currently in an …

FT Adviser – Nature of the Second Charge Mortgage Market

As the term implies, ‘second charge’ mortgages are always secured behind first charge mortgages. As the term implies, ‘second charge’ mortgages are always secured behind first charge mortgages; the first charge mortgagee retains priority. The majority of second charge mortgage providers in the market today are either banks, subsidiaries of building societies, or subsidiary entities …