Consolidation still main reason for loans

Nia Williams

September 21, 2010

According to Marie Grundy, operations director at V Loans, the fact that people are looking to borrow to fund home improvements and discretionary spending is a sign that the market is improving.

She said “There is a long way to go before the economy is off the danger list but the evidence we are seeing points to an increasing level of confidence among the public. Also more intermediaries are getting comfortable with recommending a secured loan because they are so simple, transparent and cost effective and provide borrowers with tailor made financing which does not interfere with their mortgage arrangements.”

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