Spring Finance issues new second charge mortgage
Spring Finance has introduced a new second charge mortgage which is available through TFC Homeloans.
The offer is a 75 per cent LTV product set at a variable rate of 9.65%.
It is aimed at clients with minor adverse blips on their credit profiles who might still fall into niche lending that many other lenders would reject, according to the firm.
Spring Finance head of sales Graeme Wade comments: “Here at Spring Finance we want to be seen as a proactive and reactive credit lender that adds true value to the lending market we sit in.”