Some second-charge mortgage advisers “focus on securing sales at the expense of the quality of the advice and good customer outcomes”, the FCA said. Some advisers failed to consider if debt ...

Standards in the second charge mortgage market need to be improved, says FCA - Second charge mortgages are often taken out by people already carrying high levels of debt, who then roll those debts ...

Did you know your home can serve as collateral for multiple loans at once? If you take out a loan that’s secured by your home when you already have a primary mortgage, your new loan is called a second ...

Second charge mortgage firms should “raise standards” for consumers to address vulnerability concerns, the Financial Conduct Authority has said.