Tag: Promise Solutions

Promise Mortgages goes live

Last month Promise Solutions hired Simon Carr to lead this division.

Carr left Promise in 2014.

The change applies to its prime product range, while loans are available from £7,500 to a maximum of £100,000 including fees.

The FCA said it will identify lenders with these business models and then look into how customers are affected and what, if any, action it will take.

Gerry Johnson, who was director of second charge master broker My Sort of Loan, leaves behind a wife and two sons.

Vida Homeloans has rolled out distribution of its second charge mortgage range through a number of master brokers.

It’s been a week of change at the bank, with the departure of Maeve Ward, who played a key role in building Shawbrook’s second charge business, and the announcement that managing director of commercial lending Stephen Johnson is taking a career break.

Promise’s brokers now have access to West One’s products.

Experts say some sourcing systems are more behind than others.

Walker was speaking after Lloyds Bank increased its maximum personal loan limit to £50,000 – a comparable sum to a typical second charge loan.