TMA Club adds Paragon’s second charge loan range

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  • 02/07/2019
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TMA Club adds Paragon’s second charge loan range
TMA Club has partnered with Paragon to offer a range of second-charge products to members.

 

The second charge loans are available in England, Wales and mainland Scotland, for £20,000 to £500,000 over 60 to 360 months.

The range of ‘seconds’ mortgages comes on top of other recent new additions to TMA Club’s offer through partnerships with Newbury Building Society, Teacher’s Building Society and Central Trust.

Rob McCoy, TMA Club senior product and business manager (pictured), said: “It’s important to offer members access to a range of loan types as customers’ needs become more varied. Advisers are sometimes unaware of the uses of second charge loans. Partnerships such as this, with Parragon, enable us to emphasise the important role that seconds can play in catering for customers,”

“Seconds have evolved to become a viable option for large groups of borrowers and are more affordable and flexible than ever,” said John Webb, Paragon second charge mortgages director.

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