Secret lender to help those wanting to remortgage with CCJs.
A new lender is entering the secured load sector which will help borrowers wanting to remortgage with CCJs. Loans Warehouse, have unveiled the addition of Equifinance who are the first new lender to enter the secured loan market in 2012.
The Equifinance philosophy is 'keeping it simple for our brokers'. They are offering a market leading 75 per cent LTV for borrowers who want to remortgage with CCJs, who have unlimited past mortgage arrears, impaired credit ratings, defaults and unsecured credit arrears.
Matt Tristram, Director of Loans Warehouse has said that the secured loans market has for a long time offered clients with poor credit a way of borrowing money not available through re-mortgaging. However it is believed that the new market leading product from Equifinance will offer borrowers something new.
Brokers who have had loans declined in recent months because of poor credit ratings for higher loan to value deals, will now have a new option through Equifinance. The loan deal is available to any owner occupier but only through the services of a broker or financial adviser.
Equifinance criteria highlights include unlimited mortgage arrears up to 75 per cent LTV, remortgage with CCJs, defaults ignored, unsecured credit arrears ignored and straight forward income requirements for Self Employed borrowers.
