Category: Second Charge
Specialist brokers Clever Lending has arranged a second charge mortgage of £500,000 for an historic mansion in Shropshire to complete restoration to its former glory.…
Sam Kirtikar, managing director of Clever Lending, reckons ‘robo advice’ will transform the prime residential mortgage market. For firms like Clever however demand for manual underwriting will continue.
Lending has increased consecutively year-on-year from March to September.
Tim Wheeldon, chief operating officer at Fluent, reckons the increasing popularity of secured loans did not happen without a lot of effort.
Each location will be authorised by the FCA and will rely on the infrastructure provided by London Money as well as The Adviser Alliance.
This announcement comes as West One plans to grow further after posting record levels of lending in June.
The South Wales-based group owns Y3S Loans, Y3S Bridging & Commercial, Chaseblue Loans, Y3S Private Clients, B2B Financial and Pink Pig Loans.
The system is now available on MortgageBrain Classic.
They include Alex Upton from Castle Trust, Mike Strange from Funding 365, Matthew Tooth from LendInvest and Richard Deacon from Masthaven Bank.
The bank will also direct customers to Freedom Finance who want an unsecured loan but have impaired credit.