Category: Loans

The office will be staffed by second charge mortgage advisors Thomas Wall, Steve Corns and George Tuffin.

The portal gives advisers the ability to make quick decisions in principle as well as allowing brokers to process applications easier and also track their status.

Central Trust is joining Masthaven Secured Loans, Precise Mortgages, Paragon Personal Finance, Shawbrook Bank and Step One Finance on the panel, which launched in November.

Yorkshire Building Society increased lending to first-time buyers by 45% in 2016 to £1.3bn.

Shawbrook completed one of its largest refinances on its commercial portfolio that the bank has ever undertaken at £7.7m.

Spreading the word about the value of second charge mortgages is akin to turning a super tanker, Enterprise Finance sales director Harry Landy has lamented.

Seconds lender Equifinance claims the profile for customers taking out a second charge mortgage has changed significantly against the backdrop of CCJs in 2016.

The rate of repossessions has fallen from 0.34% of mortgages in 2009 to 0.07% in 2016.

Now it has extra space the South Wales firm has hired Kath Cousins as an underwriter, who has 18 years of experience in second charge loans working at First Plus Financial and then Nemo Personal Finance, both in Cardiff.

Personal household debt grew by 10.8% in the year to 30 November 2016 to £192.2bn – the highest level since the aftermath of the 2008 financial crash.