Category: Second Charge
The criteria-based sourcing system’s criteria index has found both categories feature in almost every monthly list and the search for loans for self-employed borrowers has been in the top two for 10 out of the past 12 months.
The value of new business was £102m in April, 23% higher from that the previous year.
She will be a second charge adviser, responsible for dealing with brokers from initial call to completion, doing the advice, underwriting and packaging.
This means the lender has more than doubled the size of its corporate relationships team.
1st Stop Group reached this milestone having undergone significant growth across its secured lending, car finance and personal loan products, lending over £100m in the last 12 months.
The Which? Financial Services operation sent out a note to its key partners today, which has been seen by Mortgage Introducer.
The lender’s average monthly loan originations were in line with the second quarter of this year and up 20.5% on the same period last year, while origination LTVs remained conservative at 58.0% and principal losses very low at less than 0.1%.
Brokers are able to enter enquiries on the sourcing platform or call Promise directly.
Net loans and advances grew by £448m to £9.4bn between January and March according to the bank’s latest trading update.