New mortgage lender enters market with second charge range
New fintech mortgage lender, Scroll Finance, has launched its home equity loan and home equity line of credit (HELOC) products, powered by Mambu’s cloud banking platform.
"We want to be in charge of building a great lending experience for our customers and a key component of that is having full control over the entire life cycle of a loan"
Scroll enables UK homeowners to unlock equity in their homes for use cases including home improvement, green upgrades, buying a holiday home, debt consolidation and deposit for property purchases.
Founded by engineers in 2021, Scroll aims to process applications from initial enquiry to completion in just a few days.
Customers can borrow between £25,000 and £1 million up to 80% LTV, and Scroll has already completed its first loan.
Ashish Kashyap, CEO and co-founder of Scroll Finance, said: “We want to be in charge of building a great lending experience for our customers and a key component of that is having full control over the entire life cycle of a loan, from initial enquiry to pay out to servicing and collections.
"Coupled to this desire of control, is a requirement to develop in a fast, flexible way to adapt to our unique take on global home financing solutions. This is exactly what Mambu offers.”
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