Second Charge Mortgage for home improvements

As the Brexit debacle continues and the general election campaign well under way, uncertainty continues. By staying put a second charge mortgage could be the solution for home improvements. Home buying conditions According to Nationwide house prices barely moved in October as property inflation remains below 1% for the 11th month in a row. Home …

Smart Money turned around a Second Charge Debt Consolidation case within 7 working days

Simon Says… Smart Money turned around a Second Charge Debt Consolidation case within 7 working days from  the pack back being returned to us. Your clients can often become a slave to the Credit Card which is the devil for many, this can lead to spiralling out of control debt.  At Smart Money we focus …

Brokers remain optimistic about second charge lending growth

98% of brokers believe Second Charge Lending volumes will continue to increase over the next 12 months according to survey data from insights. 53% of advisers expect lending volumes to continue to rise and the remaining 45% expect volumes to remain steady. The drive behind this is due to Second Charge rates continue to fall …

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 …