New secured loan lender called Firmus Secured Loans’ has launched today with products initially only available through secured loan master broker Loans Warehouse.
The lender shares a directorial team with established bridging lender Bridgebank Capital, but Firmus describes itself however as a separate, independent entity and is to be headed up by chief operating officer Zena Campbell.
Rates range between 15 and 17.4 per cent for loans up to £100,000 at 75 per cent LTV.
Although it has initially partnered with Loans Warehouse it is looking to expand its distribution in the near future.
Campbell says: “I am thrilled to be launching Firmus Secured Loans and working closely with Loans Warehouse. I have known Matt and Sam for many years and believe that with our flexible and innovative products combined with their experience Firmus will soon become one of the leading lenders in this field.’’
Loans Warehouse co-founder and director Matt Tristram says: ”This is one of the biggest lender launches of 2013 and we’re proud to have been working with Firmus Secured Loans for the start. Throughout the year we’ve worked side by side with Zena and her team to help develop a new product and today’s launch is just the start.”