The addition of this new product means that they now offer consumers a range of unsecured and secured loan products and plans are in place to offer bridging finance within the next 3 months.

Paula Harrison, Managing Director of Any Type of Loan commented: “We are really excited about our new product range and we have big plans to develop our product line even further. 1 in 4 of our applicants are homeowners and as we generate over 200 organic leads every day, that means that 50 enquiries every day could be open to the prospect of taking a loan secured aginst their property”.

The new secured loan products are available from 21st March 2011.

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 are experienced in another sector of financial services.

This will be a welcome addition and will offer beleagured brokers more options and hopefully higher LTVs to add to those products already provided by Blemain, Nemo and Link

Research carried out by moneysupermarket.com revealed that the average APR on loans of up to £15,000 has risen in varied amounts over the course of the recession. And with the UK economy still in a state of the unknown, borrowing can still be a difficult prospect for many.

The average APR of a loan of £3000 currently stands at around 14.64%, compared to 6.46% back in 2006. The economic crisis has hit lenders hard in the past few years, which will ultimately affect consumers who are looking to take out loans in the future.

If you’re considering taking out a loan in the future, what can you do to help yourself to secure the best deal? Here are a few helpful hints to bear in mind when searching for the best rate:

• Plan Plan Plan – it can be worth taking a little time to analyse your financial situation before signing the loan agreement. Work out a monthly plan of how you can budget to help reduce your deficit.

• Make a list of any outgoings and other financial commitments, such as credit cards. Look to pay some of these off earlier in order to help reduce your debt levels.

• Taking steps to reduce your debts and repair your credit rating can hold yourself in good stead with any future lenders and help to increase your chances of finding a better rate for future financial products.

• Take a look around – there are a number of different loan deals out there, so it can be worth shopping around to find a rate that’s right for you.

Look into a number of offers and read through the details carefully before you come to a decision. Don’t be tempted to rush into the first deal that comes along, be selective and you might just find that you can get a better rate elsewhere.

• Consider your credit rating – get yourself a copy of your credit report by applying online. Use this as a helpful reference to help you focus on clearing up your existing financial commitments.

• Ask if not sure – if you are unsure of whether the deal you are looking at is the right one for you, consider consulting a financial advisor. These advisors will be able to assist you in your decision making in order to make sure you get the best deal for your situation.

While there is still a degree of uncertainty in the financial markets, by taking the time to look around and keeping your options open, you can help yourself to find a rate that’s right for you.

Written by the loans team at moneysupermarket.com

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 and Bullock will also offer their corporate and entrepreneurial  expertise built up over many years of working at the highest levels of the financial services sector.

You can read more about their proposition and investment criteria by visiting the New Wave Ventures website.

Punch was previously the Chief Executive of debt recovery firm, Westcot Credit Services but has been working with Swift for sometime as Westcot are also owned by Alchemy. Full story here.