We have had confirmation that three new secured loan lenders will be launching in July / August this year.
We are not yet able to release details as we are under a press embargo but two of the lender principle’s are familiar names within the industry and the third lender is a relative newcomer although they [...]
The recent announcement by the Bank of England revealed that interest rates will remain at 0.5% for the month of June. Statistics have revealed that, whilst the base rates have remained the same for the 15th straight month, the average APR rates on personal loans have been on the increase.
Research carried out by moneysupermarket.com revealed [...]
Paul Newey, founder of Ocean Finance has launched a new fund with ex Lloyds managing Director Tim Bullock.
The new company, New Wave Ventures, will look to invest between £500k and £2m initially in businesses that have significant growth potential and all funding will come from their own resources. In addition to the financial aspect, Newey [...]
Ex-GE Money Home Lending COO Andy Punch, is set to take up the same role with Swift Advances, the secured loan specialist owned by Alchemy Partners.
The broker community owe both Blemain and Nemo a huge debt of gratitude for simply still being here and continuing to lend when other secured lenders were unable to.
There are definite shoots of growth in the secured loans sector with a number of new entrants looking to enter the market.
Central Trust, the Norwich based lender and broker founded by Andrew Turner in 1987, has secured a new £90m revolving credit facility with Royal Bank of Scotland and National Australia Bank.
This extra funding will allow the company to re-enter the secured loan market and this should be the first of a raft of new money [...]
There are rumours emanating from very reliable sources that there are three new secured lenders launching in the first quarter of 2010.
Credit crunch fall out continues.
December 2009
Salford based Think Money Holdings posts profits of £13.4m.
