Link Loans launches secured loan deal at 7.9%
Share
Secured loans lender, Link Loans, has launched of a new product with a 7.9% rate, aimed at the remortgage market.
The Platinum Link product is available up to 65% LTV for loans from £20,000 to £100,000.
Link Loans says the product enables brokers to provide a secured loan alternative for prime employed and self-employed customers who may be looking for a remortgage facility.
David Johnson, CEO at Link Loans, says: “All Link loans carry no early repayment charges, this allied to such an attractive rate really does mean brokers can offer their customers a very affordable and flexible product.
“The secured loans market has been through an earthquake in terms of product availability. At Link we are passionate about playing a key role in the rebuilding of a sector that we believe in. Secured loans are vital for a healthy intermediary mortgage market, and with our new Platinum product we are shifting the traditional boundaries – this has to be great news for brokers looking for ways to provide more solutions for clients. “
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
Readers' comments (2)
Rob Jupp | 10 Feb 2011 5:29 pm
Having had this product for a week it is selling incredibly well. For the first time in years a secured loan can now be used, in conjunction with an excellent reversionary rate, as a viable option to some remortgages as well. Well done Link!
Unsuitable or offensive? Report this comment
unsecuredloan | 21 Feb 2011 7:09 am
Thanks for sharing the wonderful information about secured loan rate, is it have any hidden charges apart from this.
Unsuitable or offensive? Report this comment