Brokers are more than twice as likely to refer, than to write, secured loan business, research from SimplyBiz Mortgages shows.
However the number of brokers who do not operate in the second charge market at all has dropped significantly since 2016.
60% of the 600 brokers surveyed indicated that they would refer secured loan business, whilst 25% responded that they would write the business themselves. Only 15% of respondents said they were not involved in the second charge market at all.