Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

More brokers looking at seconds for home improvements

09 September, 2019

By: Michael Lloyd

category: News, Second Charge

0

Fluent for Advisers, the intermediary arm of Fluent Money, has seen a marked increase in home improvement second charge loan requests from introducers.

According to the Finance and Leasing Association (FLA) in June second charge new business volumes rose by 17% year-on-year.

Its analysis that more people are renovating or extending rather than moving echoes the results that Fluent for Advisers are seeing.

Jeff Davidson, (pictured) Fluent’s head of intermediaries, said: “If there was ever a case for secured loans, the rise in homeowners seeking funds for expanding or renovating their existing property, this is it.

“The case for remortgaging is particularly weak in these cases when customers are usually borrowing relatively small sums in relation to their first mortgages and want a specific amount of money which does not involve a wholesale upheaval in their financial arrangements.

“A secured loan delivers on many levels and particularly by not tying customers to a first mortgage whose long term might mean that customers pay interest for far longer than necessary.

“I would urge more advisers to look again at the secured loan option as it can be the best choice for customers who want a funding choice specific to their needs.”

 

 


Tags: home improvement, Jeff Davidson, second charges, The Finance and Leasing Association

Recent News

Evolution Money launches second-charge tracker

08 April, 2021

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login