Category: Second Charge
This will incorporate a full two-way API to help support and speed up the advice process, sourcing and delivery.
The SFC Solo brand allows advisers to trade independently but with the credibility and protective infrastructure provided by a directly authorised firm.
Simon Mules, commercial director at Optimum Credit, said: “I’d like to welcome Matthew back to Optimum Credit. He has a great pedigree in second charge lending and will be a huge asset to our business and brokers.”
Caroline Mirakian, who joined Pepper Money as head of national accounts in 2019, has also held roles at Barclays, RBS, Lloyds Bank, Metro Bank, and Shawbrook Bank.
Lending totalled £95.5m in August, representing a £5.6m decrease on July 2021.
When asked about their outlook on the future, brokers who specialise in the second charge mortgage market were nearly three times more confident on the outlook for the lending environment for the rest of the year, compared to the end of 2020.
Steve Brilus, chief executive of Evolution Money, said: “We are very pleased to be able to bring Matt on board who has a significant amount of experience working in both the digital and second-charge spaces.”
By value, the proportion of prime borrowers completing second charges has dropped, however, from 36% to 34% over the same period.
As a result, the number of new agreements in July was 2,433, and the value of this new business was £101m.
The F4B Network plans to continue to assemble a lending panel consisting of mainstream, BTL, specialist and short-term finance lenders, plus protection and general insurance (GI) providers.