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How low can seconds go? Star Letter – 19/06/2015

Written By:
Guest Author
Posted:
June 18, 2015
Updated:
June 18, 2015

Guest Author:
Mortgage Solutions

Each week Mortgage Solutions picks the most opinionated or thoughtful reader contribution from our article comments and letters to the editor.

This week’s Star Letter goes to: Second charge and bridging sourcing system launches

The word is that second charges could come down to rates as low as 2% after MCD.

That is really good news of course, but will provide us with some very real headaches when re-mortgaging, as we have to prove that we have considered seconds instead of consolidation into the new mortgage…

Posted by Good Mortgage Man

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