Second charge mortgage master broker CSC Loans has launched a guide to second charge mortgages created especially for intermediaries.
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 to help ensure advisors are able make informed decisions when advising clients.
Mark Fry, managing director of CSC, said: “This year, we have seen numerous surveys and articles indicating that there is a gap in knowledge surrounding second charge products. We wanted to address this and have created a guide to help inform and educate the intermediary market.
“We are thrilled to have key lenders in the second charge market come on board with this project to help produce this guide.”
The guide, containing lending scenarios, a second charge mortgage and remortgage comparison table and an outline of the second charge process has been sponsored by Optimum Credit, Together Money, United Trust Bank, Shawbrook Bank, Masthaven, Precise Mortgages and Paragon Personal Finance.
The guide is available to download on the CSC website and hard copies have been sent to key figures in the market.
Robert Sinclair, chief executive of the Association of Mortgage Intermediaries and Association of Finance Brokers, said: “Mark and the team at CSC Loans are to be commended for driving forward this publication which will assist brokers of all types to better understand the opportunities to help more consumers who might not have previously been considered as capable of support.”