The firm says it is one of a select number of secured loan packagers to have access to the adverse product, which is aimed at helping consumes with current debt and credit problems and those who need to raise a second charge on a buy-to-let property.
The product is available on any adverse plan up to 65% LTV and will accept up to six months current mortgage arrears and unlimited CCJs and defaults.
The maximum gross loan is £30,000 and it is available on residential property in England and Wales, to employed and self-employed borrowers, subject to income proof.
Second charges on buy-to-let properties and benefit income will be considered.
Marie Grundy, operations director at V Loans, says: “We are delighted to be able to offer these very attractive terms to our introducers. The new product fills a critical gap in the market, particularly for those clients who have suffered as a direct result of the downturn and find most doors closed to them because they have experienced financial difficulties.
“Many people who are now in a position to pay a loan to alleviate their problems have found that getting credit when they need it is almost impossible.”
She adds that the product will be seen by introducers as a way for certain customers to get back on their feet and repair their credit rating.