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Category: Loans

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.

The 90% LTV prime LTV rates start from 9.90%.

Its 2-year discount product will start at 3.74% and is available for borrowers with a clean credit history.

Lending was down by 2% year-on-year, 6% quarter-on-quarter and 6% month-on-month.

The panel now has seven lenders following the addition of Castle Trust in March.