Shawbrook’s second charge mortgage range features loans up to 95% loan-to-value whilst Paragon’s go up to 85% LTV.
Learn from the Experts: Second Charge Mortgage Insights to Help You Make Informed Decisions is designed to educate brokers and IFAs about second charge products.
The move will allow Smart Money’s introducer partners to access West One’s second charge mortgage solutions.
Total lending grew by 29% to £1.9bn and included a 21% increase in buy-to-let mortgage lending, with buy-to-let completions reaching £1.4bn for the year.
There were 23 repossessions in Q3 2017, down from Q3 2016.
New second charge business from July to September 2017 stood at 5,594, which is still 11% higher than the corresponding period in 2016.
Clients can pay a £495 fee on application for packaging a second charge and pay subsequent fees, as detailed in the key facts illustration.
There was £91m worth of business in August made up of 1,905 applications – an 11% increase from August last year.
The South Wales-based group owns Y3S Loans, Y3S Bridging & Commercial, Chaseblue Loans, Y3S Private Clients, B2B Financial and Pink Pig Loans.
The transaction was for the purchase of an office block with consent to be converted into 74 residential units.