Not if you’ve got a second charge loan

A coalition of charities, including Shelter, which pushed for better government measures to help vulnerable people stay in their homes, has warned that while mainstream lenders have improved their treatment of homeowners, those with sub-prime and second charge loans were not getting the same treatment. Research has found that 51 per cent of advisers had seen an improvement in the procedures from mainstream lenders, but only one in five have seen any improvement in arrears collection for the sub-prime and remortgaged homeowner.