Brokers Warned Against Locking Clients Into Long-Term Rates as Uncertainty Grows

Brokers warned to consider second charge options

Brokers should consider whether clients are better off using a second charge loan to raise capital instead of locking into high rates on longer-term products, according to Loans Warehouse. The lender says that, particularly in the current market, brokers should be weighing up second charge… The post Brokers warned to consider second charge options appeared first on Mortgage Finance Gazette.

'Don't ignore second charges,' brokers are warned

Brokers should consider whether clients are better off using a second charge loan to raise capital instead of locking into high rates on longer-term

Brokers warned against locking clients into long-term rates as uncertainty grows

Mortgage brokers are being urged to reconsider how they approach capital raising, as ongoing economic and geopolitical uncertainty continues to cloud the outlook for interest rates. Loans Warehouse has warned that in the current environment, defaulting to remortgaging could risk limiting client flexibility at a time when the future direction of rates remains unclear. Matt Tristram, co-founder of Loans Warehouse, said: “The challenge for brokers …

Brokers urged to rethink capital raising strategies amid rate uncertainty

Loans Warehouse warns remortgaging may limit flexibility as borrowers increasingly turn to second charge lending.