Cardiff based Optimum Credit was established in 2014 and has a second charge loan book of more than £450m.
Realrates.com is a venture from Stuart Glendinning, former managing director of moneysupermarket.com
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.
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.