Category: Loans

New second charge business from July to September 2017 stood at 5,594, which is still 11% higher than the corresponding period in 2016.

Clients can pay a £495 fee on application for packaging a second charge and pay subsequent fees, as detailed in the key facts illustration.

There was £91m worth of business in August made up of 1,905 applications – an 11% increase from August last year.

The South Wales-based group owns Y3S Loans, Y3S Bridging & Commercial, Chaseblue Loans, Y3S Private Clients, B2B Financial and Pink Pig Loans.

The transaction was for the purchase of an office block with consent to be converted into 74 residential units.

At the same time it has launched a range of personal loan products with an APR from 14.9% to sit alongside its second charge mortgage products.

They will join existing member Freedom for Intermediaries on the panel, as the trio will now help brokers needing advance on second charge.

AOBP appoints lender committee

They include Alex Upton from Castle Trust, Mike Strange from Funding 365, Matthew Tooth from LendInvest and Richard Deacon from Masthaven Bank.

The course will outline what it takes to make small-scale developments run smoothly, as it aims to help brokers add more value to clients requiring development finance.

Promise’s brokers now have access to West One’s products.