MORE INTERMEDIARIES TURN TO PERSONAL ASSET LENDING AS A SOURCE OF LIQUIDITY FOR CLIENTS
borro, the personal asset lender, reveals that the value of new business generated by intermediaries has already increased by 29% in 2012.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Paul Aitken, CEO of borro, comments:
“With the banks making it hard for many people to access unsecured lending facilities, many intermediaries have recognised that valuable personal assets can be used in certain circumstances to raise funds without lengthy bank processes or utilising property as a guarantee. Financial advisers and wealth managers are becoming more aware that borro can offer some of their clients an alternative, fast and transparent lending channel.”
Intermediary customers use borro for many reasons with the most common including facilitating a business transaction or opportunity, and paying for surveys and other fees relating to property refinancing.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn