Despite what you read and hear this is most certainly NOT Armageddon for the economy, markets, brokers and lenders.
Bailey was at the company for two decades.
Vizor will work with the intermediary market to build business across Clever’s first and second charge mortgages as well as commercial and bridging.
Daniel Yeo has been hired as managing director of Cardiff Money from Specialist Finance Centre, having worked in senior management positions in the second charge industry for the past seven years.
Wheeldon uses Mortgage Brain’s new sourcing engine as an exemplar.
The applicant asked for a loan of £40,000 and had passed the standard checks, with the system, developed by TrustID, flagging the licence as fake.
The launch hopes to reduce processing times.
The full range of Equifinance second charge mortgages is available to brokers, plus they will benefit from TFC’s specialist experience and support.
Figures over the last quarter from the FLA had shown a new business shortfall in comparison with the same period in 2016.
Buy-to-let applications were up 14.2%, secured loans by 29.4% and bridging by 31.6% in comparison with Q1 2016.