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Do you expect to see less or more second charge mortgage lenders in 2018?

Shawbrook added to SimplyBiz Mortgages’ second charge panel


Shawbrook Bank has joined SimplyBiz Mortgages’ second charge panel.

SimplyBiz members will now have direct access to Shawbrook’s second charge mortgage products, including loans of up to 95% LTV, a maximum loan of £1m and no early repayment charges on any product chosen.

SimplyBiz recently selected Fluent for Advisers to be part of its second charge panel of specialist distributors.

Martin Reynolds, CEO of SimplyBiz, said: “The second charge market is going through a period of change post [Mortgage Credit Directive].

“The addition of Shawbrook to our panel provides yet more choice to our members and expands our panel to four lenders.

“Shawbrook brings with them an excellent product range and an appetite to engage and educate our members, which is refreshing.”

Claire Rankin, head of networks and clubs at Shawbrook Bank, added: “Working with SimplyBiz Mortgages is the next step in our second charge mortgage offering, and our first step into the directly authorised space.

“We were impressed with the compliance proposition that SimplyBiz Mortgages offers all its members, and its ethos of education and training that matches ours.”

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