TFC reports big rise in secured loan business
75 per cent more business has been registered in January 2006 than January 2005 and interest remains high as secured loans come into their own post the heavy spending season.
Broker incentives include a limited 2.5 per cent interest discount offer and interest-only loan plans, in addition to the well-structured commissions achievable on successful loan applications.
In line with TFC’s IT advancements across the business, TFC Secured Loans has benefited from the improved website which enables brokers to apply online for a quick, no-stress decision in principle.
Simon Snape, head of products & marketing at TFC, is pleased with the upturn in secured loan business: “Brokers now seem to have a broader understanding of the options available to them when re-mortgaging is simply no longer viable. TFC Secured Loans are developed to provide a flexible solution to all manner of non-conforming financial circumstances and, as always, are backed up with TFC’s prompt and friendly customer service. Based on January’s figures, we expect to see TFC Secured Loans go from strength to strength this year.”