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West One enters second charge market


West One Loans has today announced entered the second charge mortgage market.

West One has entered a pilot with selected brokers. It will launch its products to the wider intermediary market during the third quarter of 2017, initially through master brokers.

The move is backed by new lending systems and broker portal and is part of West One’s expansion into longer-term lending.

West One Loans sales director Marie Grundy says: “We are hugely excited about extending our product reach to include second charge mortgage products.

“West One’s proposition will be supported by innovative lending and broker portal systems, designed from a broker’s perspective to ensure that our broker partners can meet all the demands of the regulated advice and packaging process, with upfront decision-making and streamlined document production.”


Second charge mortgage repossessions down 50% in Q1

The number of second-charge mortgage repossessions in Q1 2017 was 17, down by 50 per cent on the same period of 2016, according to the Finance & Leasing Association. FLA head of consumer and mortgage finance Fiona Hoyle says: “The number of second-charge mortgage repossessions fell again in the first three months of this year, as lenders […]


TFC adds Equifinance to second charge panel

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Second charge new business down 6% in February

Second charge new business fell by 6 per cent in value in the year to February 2016, according to the latest figures from the Finance and Leasing Association. The volume of business also dropped over the same period, down 12 per cent. The data follows a similar drop in January, when second charge business fell […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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