As a broker, you don’t need to be an expert in second charge loans to offer them to your clients, you just need to spot the opportunity and Crystal Specialist Finance will help you take care of the rest!

According to recent data from the Finance & Leasing Association (FLA), second charge mortgage lending is now up by 18% in the first quarter of 2025, compared to the same period last year. As a result of this increase, as a broker, you should consider diversifying your offerings and spotting where a second charge loan could serve as a client solution.

Second Charge Opportunities

In today’s financial climate, homeowners are finding themselves seeking additional funds for a variety of reasons – from home improvements to consolidating debt or funding luxury purchases.

A second charge loan is a great option for your clients with significant equity in their property and a stable repayment ability.

When raising capital secured on a property there are three main options, a remortgage, a further advance or a second charge loan. Typically, brokers opt for a remortgage or further advance, however are these the best options for your clients?  If the client is on an existing mortgage deal with high repayment charges, remortgaging could be the most expensive option. The client’s lender may not offer further advances, especially if the funds are for debt consolidation or the borrower has adverse credit.

Instead of thinking of second charges as the last option, start thinking of them as a solution! This broadens your chances of helping the client achieve their desired outcome.

Partnering with a specialist

Spotting the opportunity for your client is the first step, partnering with Crystal Specialist Finance, the go-to broker’s broker is the second. With a dedicated team of experts, and access to semi-exclusive products and rates, we’re able to find solutions where others can’t.

The next time you find yourself struggling to place a case, contact Crystal Specialist Finance!

Call our New Business Advisers on 01827 337710 or enquire through our CrystalHUB.

Find out more about our second charge loan offering here.