Category: Second Charge

Optimum Credit is looking to grow its headcount and prepare for the launch of a new business venture into commercial real estate lending.

The rate of second charge mortgage repossessions as a percentage of outstanding agreements was 0.07% in the 12 months to June 2019.

Launched by mortgage and protection network, JLM Mortgage Services in July, Master Private Finance is a specialist mortgage desk created exclusively for JLM network members and their clients.

Over 100 brokers attended Complete FS’s expo on Friday 26th July at the Ageas Bowl near Southampton.

The majority (97%) of its staff attained the standard. All of the bank’s staff met the expertise part of the Foundation Standard.

Members of the network will have immediate access to Together’s variety of buy-to-let, residential and second charge lending solutions, as well as others.

In 2013 Complete FS was one of the first partners Dudley appointed when it announced a new strategy for exclusive mortgage distribution through the intermediary channel.

The merger will unite specialist mortgage brands Kent Reliance, part of OneSavings Bank, and Precise Mortgages. 

This will allow F4B to also undertake fully regulated activities such as secured loans, residential mortgages, buy-to-let and raising funds for debt consolidation.

The group lent a total of £1.9bn of new lending across all business lines in the nine months to 30 June 2019, a 20% increase on the previous year.