Loans Warehouse and Scroll Finance have launched a broker guide to increase awareness of BTL second-charge mortgages.
The guide was designed to educate intermediaries on the second-charge space.
The guide outlines a range of use cases for second-charge lending, including property refurbishments, EPC and energy-efficiency upgrades, raising deposits for further acquisitions, portfolio restructuring, tax liabilities, debt consolidation and broader business funding needs.
John Webb, head of lending at Scroll Finance, commented: “BTL second-charge lending remains one of the most underserved areas of the mortgage market, and working with specialist distributors like Loans Warehouse is key to changing that.
“Many landlords are sitting on significant equity but are understandably reluctant to give up a favourable first-charge rate in today’s environment.
“Loans Warehouse understands this space and has the expertise to help brokers identify where a second charge is the right solution for their clients.”
The full guide is available to read on the Loans Warehouse website.
