Specialist Hub partners with private investors to launch new second charge products
The products are targeted at customers who have overcome problems with their credit.
Specialist Hub has announced that it is now working exclusively with private investors to offer new second charge products into the market.
The products are targeted at customers who have overcome problems with their credit and will accept any amount of CCJs and defaults. Mortgage arrears in the last 12 months are also accepted.
Loans are accepted if at least 51% of the advance is being used for business purposes, so debt, consolidation and other personal uses can be considered.
Specialist Hub’s lending portfolio includes commercial and semi-commercial mortgages, regulated and unregulated bridging, specialist buy-to-let, and residential first and second charge mortgages.
Managing director at Specialist Hub, Tony Sutton, said: “We are thrilled to be chosen to help launch this range of products aimed to assist those clients not serviced elsewhere in the market. This is one of the most flexible products I have seen in my many years within the second charge market.”
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