The second charge market is on the increase and key opportunities for brokers will be debt consolidation and green improvements.
Speaking at The Specialist Lending Event, Chris Pedlar, head of specialist distribution for the North at United Trust Bank (UTB), said that over the last 12-13 months, there had been a “steady increase every month” in the second charge market.
He noted that the second charge market was worth around £1.7bn annually, and approvals for second charge loans were rising 17% year-on-year.
Pedlar added that, in 2024, the second charge market had assisted around 36,300 people, which…
