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THE SECOND CHARGE MORTGAGE 'STATE OF THE NATION'

Increasing enquiry numbers and a new market entrant have made it an interesting period for second charge mortgages. Find out what’s going on…

It is just over two years since second charge mortgages became regulated by the FCA’s MCOB regime and the market is going from strength to strength.

 

The number of second charge mortgage completions in April this year increased by 36% on 2017 and enquiry levels continued to be strong. At Brightstar, we saw growth in both enquiry levels and completions on the previous month.

 

This is a clear indication that more and more brokers are recognising the simple fact that, under the FCA’s regulatory regime, they can have confidence that a second charge mortgage can provide the most suitable option to meet with their client’s needs.

 

If you would like to place more second charge mortgages or other specialist cases, in June, Brightstar will be running specialist lending workshops that have been designed to help brokers engage with the market in a way that best suits their business.

 

On Thursday 7th June, we are inviting brokers already involved with specialist lending to discuss their cases directly with experts at the Brightstar clinic, meet some of the biggest specialist lenders in the UK market and learn new ways to upskill and diversify into additional lending areas.

 

Then, on Thursday 21st June, we are running a workshop for brokers who don’t currently have the time or knowledge to offer specialist solutions to their clients, with information on how they can increase their income potential by referring enquiries to an expert.

 

The workshops are taking place in partnership with Magellan Homeloans, InterBay Commercial, United Trust Bank, Pepper Money, Kensington and TML and will be held at our headquarters in Billericay, Essex, at 10.30am.

 

Both workshops will cover specialist residential lending, complex buy-to-let, second charge mortgages, short term lending, commercial finance and unsecured loans.  If you would like to learn more or secure your place on one of these workshops, click here.

 

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