Tag: Loans Warehouse
Match Me Car Finance has appointed Loans Warehouse to provide an online personal loan comparison platform to customers searching for car finance.
In the first two months of 2020, the platform has seen over £150m in personal loans offered to consumers.
The existing provider panel is made up of personal loan lenders.
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.