Shawbrook and Paragon join PTFS panel

The network noted that the second charge market had soared in recent years thanks to innovate lending criteria and product design.

According to the latest industry data from Enterprise Finance, the 12 months to September 2017 saw £979m lent, compared with £892m lent to the same period in 2016.

Driving market

Personal Touch commercial director Dave Edwards said: “Shawbrook and Paragon are among those lenders who are driving the seconds market forward and I am delighted to welcome them to our panel.

“Consumers are starting to catch on to the multitude of benefits and uses offered by second charge products and we want to be able to give our brokers access to the best providers in the market so that their customers can reap these benefits too.”

Shawbrook’s second charge mortgage range features loans up to 95% loan to value (LTV) with a maximum loan of £1m, while Paragon offers loans up to £500,000 at 85% LTV.

Both lenders added that they were pleased to be joining the Personal Touch panel to give more brokers access to their products.