View more on these topics

Loanmakers finds buyer

Creditflex Loans and Mortgages Limited, a company which is wholly-owned by former Loanmakers chief executive Ges Ratcliffe has acquired the business, assets and goodwill of Loanmakers from the administrators.

Creditflex is part of The Evolution Consumer Group, which offers multi products to indebted individuals.

It says it will protect existing relationships and Introducers pipelines will be protected and commissions paid. The vast majority of Loanmakers staff and its infrastructure have also been retained.

Kevin Cresswell, managing director of Creditflex, says: “Now we have formed Creditflex Loans and Mortgages I anticipate the businesses will develop even closer working relationships and add more value and choice with a one stop shop approach to our existing and future partners.

“I would like to thank all our suppliers and partners who have remained loyal during recent months and firmly believe that given the quality of the people that remain in the business, the continued support of our partners, the proven market leading technology we have to offer along with the diversified range of products that we will succeed in our new environment.”


Money Partners stops lending

Goldman Sachs owned Money Partners has suspended new lending due to low demand for its mortgage products.

IFAs expecting surge in equity release says Hodge Lifetime

Hodge Lifetime’s Equity Release IFA Confidence Index shows that 73% of IFAs expect to see interest for equity release increase by at least 5% in the next three months, and 60% predict at least a 5% increase in completed applications.


News and expert analysis straight to your inbox

Sign up