Category: Loans

Prior to the pandemic, 35% of SMEs had intended to sell their business over the next two years.

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Following the signing of a five-year contract, Equifinance has successfully migrated its existing secured loan portfolio.

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Both the website and the packaging system is fully optimised for mobile devices, so brokers can upload and download documents on the go.

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More than 2.7 million people have benefitted from the scheme so far, receiving £7.8 billion in total. 

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Promise Money will now pass on all lender’s commission to the introducer broker.

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Geraldine Kilkelly, head of research and chief economist at the Finance & Leasing Association (FLA), said: “The relatively slow recovery in second charge mortgage new business volumes reflects the gradual reopening of the economy and continued household caution.”

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The product allows customers to access funds using their spare pension income.


Norton Home Loans collaborated with Freedom Finance to launch the process for secured loans.

However, the FLA said: “The market, however, remains in a strong position to meet new demand and forbearance requests during the months ahead.”

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Within a week, Nucleus will start accepting applications from brokers via its myNucleus portal.