Second Charge Mortgage Market Remains Resilient

Friday, June 26th, 2020

It is certainly true that all aspects of the property and mortgage market have been affected in some way by the lockdown and trading restrictions associated with the Coronavirus pandemic.

Restricted Product Offerings

As a consequence of COVID 19, some lenders have restricted their product offerings and even temporarily withdrawn from various finance and mortgage markets whilst others have pledged their ongoing support by continuing to offer products to customers who are looking to raise capital by way of a second charge.

Which Mortgage Product is Right for Me?

With the many additional caveats and criteria that now apply to all mortgage products, it has also become increasingly difficult for consumers to decide whether a second charge mortgage would be the most appropriate solution when compared to, say, remortgaging or a further advance.

As there are however many instances where raising capital in this way would be preferable, it is sensible to seek advice from a professional mortgage broker with extensive expertise in that arena too.

Always Seek Expert Guidance

Here at Caboodle Finance, our team also has access to products, interest rates, and loan facilities that are not readily available on the high street. Consequently, they are able to give expert guidance to clients who are looking to raise capital in this way, always taking care to evaluate each alternative in the light of an individual’s circumstances to ensure that any funds raised will be both cost-effective and affordable.

Our Mortgage Specialists Are Here to Help

With that in mind, if you would like to know more about any of this, please call Caboodle Finance of Sutton Coldfield, Birmingham on 0121 308 9114 to speak with one of our friendly mortgage experts in complete confidence, or alternatively, just access our online form HERE and one of our specialists will be in touch.

We very much look forward to hearing about your project!