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Secured Loans Consulting offers 90% LTV

Secured Loans Consulting is offering a 90% LTV secured loan deal provided by a new lender entering the market.

The unnamed lender will only lend to employed applicants over 25 years of age and the max loan amount is £15,000.

Richard Croll, new business manger at SLC, says the product is a sign that confidence is slowly returning to the market.

He says: “We feel this product will assist those borrowers who have been declined on LTV in the passed, because its been an 80% market up until recently, and those brokers who have kept databases of declined cases should revisit these applications and asses their suitability.”

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  • James Briggs 5th August 2010 at 9:14 am

    I can’t understand the secrecy. Surely any new lender would only have a limited tranche of funds for such high LTV lending and therefore would be in no danger of being swamped with volume.
    Is Richard Croll personally providing the funding?

  • bov on toast 3rd August 2010 at 12:39 pm

    bov

  • Steve Pollard 2nd August 2010 at 3:00 pm

    All new entrants to such a depleted market are welcome but we wait and see whether they actually PAY OUT any of these headline grabbing 90% deals.

  • Paul 2nd August 2010 at 2:30 pm

    If the house is worth 100k, will they lend the full amount available? I hope this isnt the start to more wreckless lending but a more flexible, yet prudent approach.