V Loans announces New Lender

The product is aimed at helping customers with current debt and credit problems and also clients who may need to raise a second charge on their buy to let property.
 
Marie Grundy, Operations Director at V Loans said:

"We are delighted to be able to offer these very attractive terms to our introducers.

"The new product fills a critical gap in the market, particularly for those clients who have suffered as a direct result of the downturn and find most doors closed to them because they have experienced financial difficulties, often as a direct result of the effects of the recession.

"Many people who are now in a position to pay a loan to alleviate their problems, have found that getting credit when they need it almost impossible. Details of the new product are available on our website or please phone us with any queries.

"Our introducers are going to see this product as a way for some of their clients to get back on their feet and I think it will be very popular to help improve their financial position and enable them to repair their credit rating.”

Key features include:

- Any adverse plan up to 65% LTV – up to 6 months current mortgage arrears and unlimited CCJ’s and Defaults

- Max Gross Loan of £30,000

- Second Charges on BTL properties considered

- Available to employed and self employed subject to income proof

- Can repay IVA’s (must be conducted satisfactorily) and Bankruptcies

- Can consider benefit income

- Residential Property in England & Wales