“Many people have had to turn to various types of credit in order to keep their heads above water, and so have found themselves leaving lockdown with more debt to their name than when they entered it.”
For some mortgage advisers, the obvious role for a second charge mortgage is to help their clients who currently have a range of loans/debts that they want to bring together into a single, more manageable loan.
Theres no question that second charge mortgages have an integral role to play when it comes to tackling debt. Even in normal times, there were significant numbers of borrowers across the country who had taken out a handful of different forms of credit, and so were juggling the difficulties that come from keeping on top of the …
Read the full article at: https://www.financialreporter.co.uk/blogs/theres-more-to-seconds-than-debt-consolidation.html