Tag: Loans Warehouse
This is the latest move by Loans Warehouse into the personal loans space.
There was a modest fall in the second charge market in June with the value of new second charge business at £91m, down 6% from that the previous year.
Brokers are more than twice as likely to refer, than to write, secured loan business while the number of brokers who do not operate in the second charge market at all has dropped significantly since 2016, SimplyBiz Mortgages has found.
Vida Homeloans has rolled out distribution of its second charge mortgage range through a number of master brokers.
Carling was hired from West One Loans where he was head of collections, while before that he was a servicing manager at Dragonfly Property Finance (now Octopus).
Loans Warehouse has a number of second charge lenders on its panel, as mortgage brokers will be able to search updated criteria from 400 second charge loans.
Rates start from 4.5% and products cater for customers with an impaired and improving credit history, those with a short work history, customers with a low credit score and also later life borrowers.
Hill has been an underwriter at the second charge provider since July 2016, while she previously worked for packagers The Loans Engine, Loans Warehouse and Barclays.
Norton Home Loans completed on 22nd February what may be the secured loan industry’s first MCD-compliant loan since they went live with the new regulation…