Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Step One Finance Surpasses £500m in Second Charge Lending

Step One Finance, a specialist second charge mortgage lender, has surpassed £500 million in total lending. The company has supported more than 11,000 customers since its establishment in 2011.

Step One Finance reports that it has helped customers meet a variety of borrowing needs, including debt consolidation, home improvements, major life events, and property investment. The lender states it has experienced 15 years of consistent growth, with a focus on underwriting discipline and a commitment to both customers and intermediaries.

The company is preparing to launch a new originations platform, which it says will streamline the application and underwriting process. According to Step One Finance, this investment in technology aims to deliver greater efficiency, improved visibility, and a better experience for brokers and their clients.

Step One Finance attributes its growth to strong relationships with professional intermediaries and brokers.

This development may be of interest to UK letting agents and inventory clerks monitoring trends in property finance and the evolving mortgage technology landscape.