Category: Loans
The lender said it wanted to challenge the ‘financial blandscape’ and use branding to reflect the ‘lifestyle lending’ that the industry requires.
The products are a 1-year fix at 5.3% and a lifetime tracker at 4.4% above the Bank base rate, both to 75% loan-to-value.
It increased loan originations by 14% to £2.6bn over the period, up from £2.3bn in 2016.
Online secured loans distributor, Fluent Money Group has appointed Garry Taylor as chief technology officer to manage the next stages of developing a new IT system
With a focus on new DIP forms, improved technology and faster response times.
Its business loan rates start from 4.08% per year.
Yesterday he was found guilty of offences Under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000 for acting as an illegal “lender of last resort” between 2012 and 2016.
In the longer-term business volumes have increased. In the three months to December they were up 7% from the year before, while in the year to December 2017 there were 10% more second charge cases.
Loans Warehouse has a number of second charge lenders on its panel, as mortgage brokers will be able to search updated criteria from 400 second charge loans.
Gopee’s ran a money lending business from August 2012 to December 2016 despite neither having a consumer credit licence from the OFT, nor any authorisation from the FCA.