Steve Walker

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Secured Loans Watch: Coming back for seconds

Take-up in the seconds market has been disappointing, but is it a technical problem or the attitude of brokers at the core of the issue? I would like to begin this article, if I may, by recounting a tale of a swimming instructor trying to teach a child to swim. The child was attending all […]

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Opinion: Where is the second charge big bang?

Here we are at the end of another year, and while there are plenty of positives we can pick out from 2017 one fact remains undisputed – the big bang moment where mortgage brokers suddenly catch on to second charges hasn’t happened. Many brokers have made the transition without difficulty but it’s understandable why others […]

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Secured Loans Watch: Spread the word on second charges

This product is better than it has ever been but, ironically, consumers are less aware of it. Brokers – over to you… A large proportion of the mortgage market has still not got to grips with second charges since the advent of the Mortgage Credit Directive. The sector has yet to reach anywhere near its […]

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Secured Loans Watch: Step aside, first charge

With the self-employed hit in last week’s Budget as expected, the second charge sector can come into its own The hike in National Insurance contributions of the self-employed in the Budget last week attracted widespread criticism and prompted fears of damage to the country’s ‘entrepreneurial spirit’. There is certainly a strong entrepreneurial trend in the […]

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Secured Loans Watch: New dawn will rely on experience

We are entering a new era in which brokers will not only embrace second charges but advise on them directly The phrase ‘a new dawn’ gets bandied about, particularly in financial services. In the past few years, allegedly, we have had a new dawn for pensions, a new dawn for savers and at least three […]

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Secured Loans Watch: Human factor cuts out MCD fuss

The most important work in the transition to the Mortgage Credit Directive rules took place behind the scenes In the years leading up to the new millennium, when Y2K paranoia gripped the nation, an article was published in the New York Times that read: “The nation’s utilities told a Senate panel that they were working […]