View more on these topics

Nemo launches new deals

Secured loan lender Nemo Personal Finance has annonced a new range of products and re-launched its one unit plan.

Nemo has reduced the minimum credit score on its 85% LTV product, whilst increasing the LTV on several other products across the range.

It has also introduced its one unit plan, a product that hasn’t been offered by Nemo since the credit crunch.

Sam Marshall, joint managing director of Nemo, says: “The introduction of these new products provides confirmation that Nemo remains firmly committed to the secured loan industry and to its broker network. We anticipate that the introduction of these products will create an additional £4m – £5.5m per month of new origination which based on current statistics, represents a 20% growth opportunity for the market.”

Matt Tristram, joint director of Loans Warehouse, says: “When we received the call from Nemo last week telling us about not just the new criteria but the target of growth we were very excited. There are a handful of secured loan lenders really driving the industry and Nemo are clearly one of the market leaders.”

Steve Walker, managing director of Promise Solutions, says: “This is really good news. The enhancements from Nemo are significant and a great boost for brokers. The fact Nemo has taken such a leap forward is a testimony to faith of their funders which must surely derive from the quality of the book Nemo has written over recent years.”



Government loans to offer lenders a lifeline

Mortgage lending is set to receive a boost under government proposals to offer cheap loans to banks through its funding for lending scheme. Delivering their annual Mansion House speeches to the City last week, chancellor George Osborne and Bank of England governor Sir Mervyn King revealed an ambitious scheme to boost mortgage and business lending. […]

Health Shield logo - thumbnail

Health Shield launches new and improved health and wellbeing benefits

As part of its commitment to help even more companies improve employee wellness and productivity, award-winning health cash plan and wellbeing provider Health Shield has announced a raft of new and improved health benefits. From early diagnostics, detection and screening services to rehabilitation and the extension of home care support to parents, Health Shield’s range […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Dane 19th June 2012 at 8:18 pm

    Well done! This is great news not only for Nemo but let’s hope this drives a better future for lending!