New lender launches into secured loan market
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A new lender, Equifinance, has launched into the secured loan market, offering its products through Loans Warehouse.
It is offering up to 75% LTV for customers with impaired credit ratings, unlimited past mortgage arrears, CCJs, defaults and unsecured credit arrears.
Matt Tristram, director of Loans Warehouse, says:“The secured loans market has for some time offered clients with poor credit a way of borrowing money not available through re-mortgaging but our new product from Equifinance offers something extra.
“Brokers that have had loans declined in recent months due to poor credit rating at higher LTVs now have a new option through Loans Warehouse and Equifinance.”
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