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TIME FOR SECOND CHARGE MORTGAGES TO SHINE

As the remortgage market slows, there is a real opportunity for brokers to give their business a boost by focusing on this area of lending

Now is the time to get comfortable with second charge mortgages. Why? The remortgage market is slowing due to:

  • Clients taking out longer term fixed rates
  • Increasing further advance rates
  • Homeowners increasingly upgrading their properties
  • The rise in product transfers

 

This creates the perfect conditions for second charge mortgages to shine. And you don’t need to spend time learning new processes, now that second charges are in line with firsts, following MCD. You can refer a case to us to manage, or we can work together.

So why not get in touch with your client bank to discuss second charge mortgages today? There are lots of reasons why they may appreciate your call. They might be looking to raise funds for:

 

  • Home improvements
  • A deposit for an onward property purchase
  • Debt consolidation
  • Business investment
  • Upcoming wedding
  • Holiday home
  • Tax bill
  • Transfer of equity

 

And we can help ensure your clients second charge isn’t second rate. As specialists in second charge mortgages, we can offer your clients the peace of mind that the solution we offer is the best of what’s available through our diverse lender panel.

Our second charge mortgage team are all CeMAP qualified and hold years of experience in regulated mortgages. They’re also a friendly bunch who are happy to chat through any questions or potential cases.

Our experts have lots of tips like this to help you grow your business. Call us on 01277 508 424 or complete the short form to start referring business today.

 

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