Why a Second Charge Mortgages

May 19, 2020

A second charge mortgage is additional borrowing against a property which sits behind a main mortgage. The result is two separate loans secured against the value of a property, but the second loan will not affect the first. A second charge mortgage can be used for many purposes, some of which are listed below. Second […]

News Product

Bridging loans – The Facts

May 19, 2020

May 2020 Bridging finance loans are short term finance to ‘bridge’ the gap until the main finance is available, such as a term mortgage or the property is sold, following say a renovation. Bridging loans normally run from a minimum 1 month to a maximum of 24 months and borrowing limits ranging from £50,000 up […]

Clever Lending Services Product

Unravel your customers’ finances!

November 19, 2019

The customer story We were approached by a broker as her customer was struggling to manage the numerous payments for his existing debts. The customer already had first and second charge mortgages, along with several unsecured debts, and his monthly commitments were becoming difficult to meet. His credit score wasn’t great as he’d missed payments […]

Product Second Charge Uncategorized

Saving new parents nearly £2k a month with a second charge

November 01, 2019

Customer story This case involved a married couple who had recently welcomed a new baby to their family. Despite Mr C being in full-time employment, Mrs C was on maternity leave and their unsecured debts had crept up. The had relied more on unsecured finance, such as credit cards, to get by and subsequently, the […]

Product Second Charge
mortgage transfer

How a second charge mortgage recently benefitted just one self-employed client

September 27, 2019

The client’s story Our client approached us as he wanted to consolidate his outstanding debt and raise additional funds to carry out home improvements. His existing repayments for his £35,000 worth of debt with various lenders added up to more than £1,000 every month. As he was self-employed though, he had been previously declined by […]

News Product

New Year, new buy-to-let limited edition product range

January 08, 2019

Clever Lending brokers can kick-start the New Year for their landlord clients with Pepper Money’s new 5 year fixed rate buy-to-let limited edition range, with rates starting from 3.28%. Limited Edition Range The range features a special flat fee option, which is available for 3.28% up to 75% LTV and has a completion fee of […]

second charge loan, debt consolidation, home improvement loan, unsecured debt loan

Increase in equity release opportunities for older people

December 05, 2018

With over 55s representing £1 trillion of housing wealth, later life lending could be the key to equity release for your older customers. FTSE100 financial services group Legal & General and Cebr reported that in May 3.1 million homes worth £938 billion were owned by over 55 year olds. This has now exceeded the £1 […]

mortgage transfer

Second charge opportunities in the untapped mortgage transfer market

November 20, 2018

Recent figures from UK Finance highlight an untapped mortgage transfer market for second charge solutions and opportunities for brokers to engage with clients when they’re thinking of transferring their mortgage internally from their current lender. In the first six months of 2018, 775,600 homeowners switched product with their existing provider – otherwise known as a product […]

Clever Lending Services Product
First Class Second Charge

Economic uncertainty drives a second charge finance rise

November 05, 2018

An increase in the second charge market suggests economic uncertainty could be encouraging more people to make home improvements, rather than move to another property, new figures reveal. Second charge data from specialist distributer, Clever Lending, shows there’s been an 8.4% increase in people applying for second charge finance in the first half of this […]

Clever Lending Services Product

Product update from The Mortgage Lender

October 18, 2018

One of our partners The Mortgage Lender has made some important updates to its products and services. The full details of these changes are outlined below. Please be aware that there are no BTL changes at this time.   What’s being removed? Current residential products have been withdrawn and replaced with a completely new range […]

second charge loan, debt consolidation, home improvement loan, unsecured debt loan

Step One lowers rates and improves product range

October 03, 2018

Step One Finance has lowered rates on many of its second charge products by as much as 2% and made major improvements to its lending criteria including new products and changes to assessment of adverse units for secured and unsecured credit payments. These latest product enhancements continue to help you maximise the opportunities to serve […]


Clever Lending now provides in-house regulated bridging finance advice

September 24, 2018

Clever Lending is now offering in-house advice to brokers on regulated bridging following increased demand which has seen its funding almost treble in this area over the past year. The specialist packager and distributor’s success in this sector has driven Clever Lending to appoint a new expert team to give direct regulated bridging advice to […]


A growing demand for regulated bridging loans

September 10, 2018

Despite growing demand for regulated bridging loans, we’re still meeting brokers who don’t feel equipped to take full advantage of the enquiries they get for this type of finance. Here at Clever Lending, we’ve seen a huge increase in regulated bridging enquiries this year and have assisted many brokers to deliver positive outcomes for even […]

mortgage, loan, bad credit loan, bad credit mortgage

Pepper Money products now on our panel

August 30, 2018

We’re delighted to announce our partnership with Pepper Money, which gives our broker partners access to their full range of specialist residential and buy-to-let mortgage products. Pepper Money provides a perfect complement to our packaging service by offering flexible criteria and direct access to its team of skilled underwriters to deliver competitive solutions for brokers’ […]

Clever Lending Services Product
Adverse credi

Increased LTVs, reduced rates and increased maximum loan sizes

August 10, 2018

New products for clients with recent adverse are now available. Spring Finance – the second charge credit repair lender – has increased its maximum LTV to 75% and maximum loan size to £150,000. Other features include: Arrears on subsequent charges ignored Up to six months’ current mortgage arrears accepted @ 70% LTV Up to £150,000 […]