Derbyshire set to launch Salt on Monday

The Derbyshire is set to launch a separate stand alone brand called Salt on Monday.

Offering near prime to heavy sub-prime, the products will initially only be available through a limited number of packagers, but the aim is to ultimately go direct through intermediaries.

Three packagers are confirmed at the moment they include Abacus, Praxis and Pink Home Loans, with four to five additional packagers in the pipeline.

The Derbyshire declined to comment.