Giving landlords access to more options than the mainstream

June 27, 2017

Our specialist lending expert, Steve Sanderson, gives his view on the widening of lending options available to landlords…. Clever Lending are seeing a growth in enquiries whereby professional landlords are struggling to obtain buy-to-let finance from mainstream lenders. Reasons for this include a tightening of criteria by High Street lenders, more stringent stress testing and […]

Secured Loan Uncategorized

How we worked with Equifinance on a non-standard case

May 11, 2017

We worked closely with specialist second charge lender Equifinance to provide a customer with a £50,000 loan to carry out much needed home improvements. However, the case wasn’t straightforward. The customer’s first charge lender wouldn’t grant further borrowing and a re-mortgage wasn’t an option as the customer was on a preferential rate and favourable terms. […]

Secured Loan Uncategorized

Regulated bridging finance on the rise

April 10, 2017

We have observed a significant rise in regulated bridging finance in terms of both applications and completions in the second half of 2016, which is continuing into 2017. The reasons for the increase are several, and all concern the problems faced with the house buying process, supply shortages and rising house prices. Despite mortgage rates […]

Secured Loan Uncategorized

How we arranged £110k for a customer to settle tax liabilities

April 05, 2017

We recently helped a customer to settle impending tax liabilities from the HMRC with a second charge mortgage, despite the customer being self-employed and requiring the loan as a sole applicant although they were married. The case was referred to us by a broker who was authorised to provide advice, but the broker agreed that […]

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mortgage transfer

How second charges can help your clients with debt concerns

February 23, 2017

We’ve seen a sharp increase in broker enquiries on behalf of clients needing to get their credit profile back in shape at the start of 2017. Latest figures show household debt has risen to its highest level since just after the financial crash of 2008, Bank of England data shows. Personal debt grew 10.8% in […]

Secured Loan Uncategorized

Case Study

November 04, 2015

Secured loans help clients rescue their finances Sonny Gosai, Sales & Operations Manager at Clever Lending, highlights how secured loans have a key role to play in resolving debt problems and even help clients retain their existing mortgage Clever Lending, has recently helped many clients rescue their finances from high monthly payments and offered lower […]

Secured Loan

Quick guide to secured loans

October 22, 2015

What is a secured loan? Secured loans are also known as second charge or second mortgages. They are a second mortgage which sits below the first mortgage and is secured against the property. A secured loan can help fund a number of things, from home improvements, holidays or more commonly provide a debt consolidation source. […]

Secured Loan

Why should secured loans be on your radar?

July 18, 2015

Secured loans have had a poor reputation in the past, primarily due to an inadequate sales practise. The ‘up-selling’ of loans, the lack of detail around consequences and poor affordability assessments were not supportive of ensuring the product fulfilled the client needs. But times are changing, regulation is happening and there is no avoiding it […]

Secured Loan