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Link Loans added to V Loans lender panel

V Loans, the Cheshire based master secured loan broker has teamed up with Link Lendings secured loan arm Link Loans to offer Links second charge secured loan products.

Link Lending can offer secured loans up to 80% LTV and accept AVMs on most property types subject to a minimum confidence level.

Marie Grundy, director of V Loans says: We are really excited about being able to add Link Loans to our existing lending panel. We have developed an excellent working relationship with Link Lending over the last couple of years, through offering its bridging loan products.

“The new facility that gives us access to Link Loans provides us with the opportunity to offer a much wider choice of loan products at a time when options for lending have diminished significantly. This could not have come at a better time for all our introducing brokers.

John Maclean, managing director of Link Lending, says:: We are delighted to be able to offer brokers access to Link Loans via V Loans, building on our existing good working relationship. We believe that V Loans has a commitment to quality and high service standards that is consistent with our own values, and we are confident that the new arrangement will be to the benefit of V Loans introducing brokers and their clients.”

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Marketwatch 16/03/2009

Swaps all fell last week, whereas in the previous few weeks we have seen some rise and some fall.
Three-month LIBOR is now 1.91%.
1-year money is down 0.07% at 1.78%
2-year money is down 0.04% at 2.2%
3-year money is down 0.08% at 2.46%
5-year money is down 0.12% at 2.93%

Clueless

Mole enjoyed a spot of brain training last week courtesy of Nationwide’s annual pub quiz. Held in a swanky pub in the City, the quiz brought together the great and the good of the industry in a titanic battle of knowledge.