Central Trust launches secured loan products
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Central Trust, the secured loan lender, is launching its product range with loan brokers and packagers for the first time in its 23 year history.
The products will be offered through Central Lending Limited, which agreed terms on a new £90m revolving credit facility with Royal Bank of Scotland and National Australia Bank in December 2009.
Two new agencies are already live and the company is in negotiation with further potential partners.
Loans Warehouse is one of the agencies.
Matt Tristram, a director at Loans Warehouse, says: “We are delighted with this new addition to our lending panel. Central Trust is one of the most respected names in the industry and the Central Lending Limited product range brings something different to our panel.
“They have been lending since 1988 but have previously only been available to brokers through Central Trust, so we are very proud to be their broker of choice when making the decision to expand their distribution.”
Central Lending Limited offers fixed and variable rate loans to prime and near prime borrowers up to 75% LTV for both employed and self employed applicants
Debbie Burton, director of lending at Central Lending, says: “We’ve worked very hard over the past 12 months to produce a product range with a broad market appeal. We believe that our fixed rate plans in particular offer great value to customers and brokers alike.”
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