James Briggs, National Sales Manager, Second Charge Loans
Second Charge Loans aren’t just for customers with adverse credit. Whilst they are used by customers with less than perfect credit profiles, most of them are used by prime borrowers who need to raise funds quickly, want to protect an existing first charge rate or want to avoid the early repayment charges that a remortgage could incur.
Although they’re recognised within the industry, they’re not so well known by the general public. Brokers can raise awareness by bringing them to the attention of customers who are looking to raise capital. Customers will probably describe a scenario and this is where a knowledgeable broker comes into their own, identifying opportunities when a Second Charge Loan could be the solution for their customer’s needs.
If your customer decides a Second Charge Loan is the right product for them, we’ve made it as easy as possible to apply for one with us. You have two choices of how to submit your applications – either directly through our in-house specialist team or through our approval panel of Master Brokers.
By coming to us directly, you’ll benefit from the support of one of our experienced underwriters who will help you from start to finish. You’ll still be in control of the arrangement fees and you’ll be able to apply your normal fee structure. Furthermore, you’ll receive a 1.25% proc fee.
If you choose to use one of our approved panel of Master Brokers, they will use their experience and specialist knowledge to arrange your applications. To view the panel, click here.
To introduce a case directly, speak with our underwriters by calling 0333 240 6054. To discuss a case you’d like to introduce via a Master Broker, call 0800 116 4385.