Specialist master broker V Loans has announced its intention to close the business after seeing the second charge market “undergo a significant transition” following MCD.
V Loans is an appointed representative of Key Retirement Solutions and was founded by Marie Grundy and Dave Pinnington in 2007, operating in the second charge and bridging markets.
Managing director Grundy (pictured) says, “Whilst clearly we are saddened that our time at V Loans has come to an end, both Dave Pinnington and I are very proud to have served our loyal intermediary partners over the last 9 years, during which we have developed excellent working relationships with an array of leading intermediary firms, networks and lending partners to offer high quality advisory and packaging services within the specialist lending market.
“We would like to thank all our partners and our staff, who have provided us with immense support over the years, and wish them all the best with their future endeavours. “
The firm said it will immediately begin working with its customers, introducers and lending partners to “facilitate a smooth closedown of the business.”