Category: Second Charge
In addition to changes to its second charge range, the lender now only requires a minimum mortgage history of 12 months reduced from 24 months.
Second charge mortgage new business volumes dropped by 28% in November, according to the Finance & Leasing Association (FLA).
Equifinance, the specialist second charge lender, has appointed Philip George as non-executive director.
Loans Warehouse has appointed former Prestige Finance director of operations Nick Rember.
The second charge mortgage market saw new business levels decrease by 43% in October.
As part of the rebrand the lender will now open its proposition to the whole market, including networks and clubs.
This new range is designed to facilitate family assisted purchases through a second charge mortgage.
United Trust Bank has increased its maximum LTV to 80% on residential mortgages and second charge loans.
The pandemic has become a consistent topic in the housing market, as people brace to live with COVID-19 long-term.
This call to action follows figures from Moneyfacts which revealed the total number of available mortgage products had dropped 2,259 in October.