New "secret lender" announced

After a week of build-up as to the identity of the new lender on social media site twitter, @LoansWarehouse this morning announced Equifinance as the latest addition to their whole of market Secured Loan panel.

Equifinance, whose philosophy is  "keeping it simple for our brokers", is available from today through Loans Warehouse and offers brokers a market leading 75% LTV for customers with impaired credit ratings, unlimited past mortgage arrears, CCJs, defaults and unsecured credit arrears.

Matt Tristram, Director of Loans Warehouse commented:

"The secured loans market has for some time offered clients with poor credit a way of borrowing money not available through re-mortgaging but our new product from Equifinance offers something extra.

"Brokers that have had loans declined in recent months due to poor credit rating at higher LTVs now have a new option through Loans Warehouse and Equifinance."  

"In 2011 Loans Warehouse were the first to bring Central Lending, Jigsaw Money & Portal Portfolio to the intermediary market and I’m proud to say we’ve done it again with the addition of Equifinance to our panel."

Equifinance criteria highlights include:

- Unlimited mortgage arrears up to 75% LTV – MARKET LEADING!!

- CCJs ignored

- Defaults ignored

- Unsecured credit arrears ignored

- Owner occupied residential and semi commercial properties

- Straight forward income requirements for Self Employed borrowers