New analysis from Knowledge Bank shows business owners are turning to second charge mortgages to raise capital as the Omicron variant disrupts industries across the UK.
Related topic: second charge
2021 was a huge year for SFC as a business and for the second charge market in general, especially when it came to rising activity levels and heightened intermediary awareness.
Second charge lending increased by a further 11% in November to a new record high, according to research from Loans Warehouse in partnership with Insights, Barcadia Media's independent...
Together has reported a record rise in second charge loans as homeowners seek extra financing to fund home renovations and improvements ahead of the New Year.
According to the latest figures from the Finance & Leasing Association, new second charge mortgage business volumes grew 43% in October compared to the same month in 2020.
The property market has shown a strong appetite for second charge mortgages and growth levels have remained high despite wider challenges for the market.
Broker processing platform, One Mortgage System (OMS), has completed a full API integration with second charge mortgage lender Evolution Money.