Shawbrook Bank releases fourth instalment of podcast series
02 March 2021
‘A Conversation with Shawbrook’ provides a platform for the broker community to share their voice and their experiences of doing business in the current climate
The fourth episode of ‘A Conversation with Shawbrook’, released today and hosted by Gavin Seaholme, Head of Sales for Shawbrook’s Property Finance division, sees Gavin and special guest Barney Drake, CEO of Specialist Mortgage Group (SMG) discuss what this year has in store for the second charge mortgage market.
In this latest instalment of Shawbrook’s podcast series, Gavin and Barney look at the impact of the pandemic on the second charge market, and the key drivers of growth. They discuss the uptick in customers looking to use second charge lending for debt consolidation, the upcoming FCA deadline for credit card companies to assist customers who are in persistent debt, and how more education across the property sector on persistent debt is needed.
Gavin Seaholme, Head of Sales for Shawbrook’s Property Finance division, said: “The second charge mortgage market saw real momentum at the beginning of last year, and despite challenges throughout the rest of the year saw a resurgence towards the end of 2020. Momentum looks to be continuing into 2021 with customers looking to use second charge lending for consolidating debt, financing home improvement projects after spending more time at home and for specialist lending solutions they may not be able to access through traditional lenders.”
Past episodes of ‘A Conversation with Shawbrook’ can be found below:
- Emma Cox, Sales Director for Shawbrook’s Property division and Phil Gray: how the Watts family navigated the coronavirus crisis
- Gavin Seaholme, Head of Sales for Shawbrook’s Property division and Jason Berry, Group Sales and Marketing Director at Crystal Specialist Finance: the current state of the bridging market and recent changes around stamp duty
- Marc Callaghan, National Sales Manager at Shawbrook and Martin Smedley Director at Prospero Finance: discuss current trends in the bridging market
