Norton Home Loans secures new funding to support first and second charge expansion

Norton Home Loans has secured a senior warehouse facility with Citi, which will support its growth across both the first and second charge mortgage markets.

The new facility represents a significant increase in scale on Norton’s existing funding arrangements and will enable the business to support a wider section of the non-standard mortgage market, alongside the growing second charge sector.

Norton Home Loans recently introduced a series of criteria enhancements across its first and second charge product range, aimed at improving access for customers with complex credit histories, limited deposits, or non-standard income. 

Paul Stringer, co-CEO at Norton Group, said: “This facility marks an important step in the next phase of Norton Home Loans’ growth and gives us the capacity to continue evolving our product offering. It will help our introducers place more customers with confidence, while allowing us to keep identifying opportunities within the specialist lending market.
 
“We’d like to thank the team at Citi for their support in helping us deliver this milestone.”