View more on these topics

BDS Secured Loans reveals 50% growth

BDS Secured Loans has revealed a 50% growth in its business in 2008.

In December 2007 the lender moved into the black and it says this momentum has carried on into Q1 2008.

The lender says it is exceeding target business volumes by roughly 125%.

Mark Clinton, director at BDS Secured Loans, says: “We are delighted with the way that we have started the year.

“After a somewhat low key launch we have been able to navigate ourselves into a position of growth swiftly thanks to the quality of our service and fast, efficient processing.”

He adds: “Despite some market turbulence the secured loans sector remains a great opportunity for brokers to expand into a new business area, safe in the knowledge that they are dealing with an experienced team with a proven track record. I’m confident 2008 will be a big year for us to initiate an increased market presence.”


Mutuals see savings boom

Building societies recorded a whopping £1.35bn in savings business in February – the largest inflow the sector has seen for 11 years.Figures published by the Building Societies Association last week show that the February figure compares with £728m in the same month last year.Societies’ net receipts to cash ISAs increased by £7m in February while […]

Chelsea to reprice sub-prime range

Chelsea will be withdrawing its currennt sub-prime Prospect range from close of business today.It will be introducing new sub-prime rates via Prospect tomorrow.The rates will be available on the website from Tuesday morning. All other Chelsea mortgage products remain unchanged.Prospect applications on the current range must be submitted by 5pm today to secure the rate.

A&L to cut SVR by 0.25%

In line with the Bank of England’s recent interest rate cute Alliance & Leicester will be reducing the SVR on its mortgages by 0.25%.

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]


News and expert analysis straight to your inbox

Sign up