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41% of our cases complete in under 2 weeks
Recent data shows that 41% of our second charge mortgage cases were completed in under two weeks in Q2 2025, with some finalised in just a matter of days. Just a couple of quarters ago, this figure stood at 31%, highlighting a significant improvement in a relatively short time and demonstrating how the second charge market is evolving.
This rapid turnaround is being driven by smarter technology, greater lender flexibility, and a competitive lending landscape that continues to fuel innovation.
“The innovations being introduced by lenders are having a positive impact on the sector, particularly in improving turnaround times, which is exciting,” says Steve Nobbs, one of our Directors.
Key developments helping to speed up the process include:
- Desktop valuations: Many lenders now assess property values online, significantly reducing approval times.
- Consent to follow: Some lenders issue conditional offers before receiving consent from the first mortgage lender, keeping the process moving.
- E-signatures: Clients can securely sign documents online, removing delays caused by physical paperwork.
These improvements make it easier than ever for clients to access funds for debt consolidation, home improvements, or other financial needs. With these innovations, faster approvals and payouts are no longer the exception, they’re starting to become more common.
