Secured Loans

new appointment

OneSavings Bank extends intermediary reach

Mon 6 Jun 2016

OneSavings Bank has made a number of new appointments across its Kent Reliance, InterBay Commercial, and Prestige Finance brands in a move to extend its reach across the UK and build closer relationships with intermediaries and corporate partners. Kent Reliance has hired four new senior business development managers, adding to its intermediary presence across the […]

EasySource goes live

Wed 1 Jun 2016

EasySource, the sourcing system from Brightstar, has gone live. The system, which has been two years in the making, has been developed with the aim to “revolutionise the way that brokers search for loans and mortgages”. EasySource makes it possible to search across different product types for the very first time. EasySource’s technology will make it easier for […]

SME overdrafts ‘dying out’ as banks cut £100m a month

Mon 23 May 2016

The value of lending to small businesses via overdrafts is falling by £100m a month as SME bank overdrafts die out, Funding Options, the online business finance supermarket, has found. Figures show that at the end of March this year, SMEs were borrowing £12.1bn in bank overdrafts, compared to nearly £14bn at the end of […]

Promise Solutions launches second charge club

Tue 17 May 2016

Promise Solutions has launched a club proposition for mortgage brokers looking to maintain their independent status or reduce client costs by arranging second charge loans direct with the lender, without the need for additional packager or master broker fees. The club allows brokers to access those lenders offering a direct facility but with the free […]

SimplyBiz unveils secured loans panel with Precise

Tue 10 May 2016

SimplyBiz Mortgages has launched a secured loans panel with Precise Mortgages as the first lender. SimplyBiz has already received its first submission and will add more lenders to the panel this year. It said it will continue to work with master brokers despite going direct. Martin Reynolds, chief executive of SimplyBiz Mortgages, said: “We have […]

Positive Lending appoints compliance director

Mon 18 Apr 2016

Positive Lending has hired Alec Wimbleton as compliance and business assurance director. Wimbleton will be responsible for ensuring the master brokerage adheres to the FCA’s regulatory framework. He said: “I relish this chance to manage Positive’s compliance and influence the business. My experience of financial compliance is wide and long ranging. “Many years ago when […]

Target integrates Twenty7Tec software

Thu 14 Apr 2016

Target Group has integrated Twenty7Tec’s mortgage and secured loan software into the firm’s broker management system, ‘Bluechip’. The integration will mean LoanSource, Twenty7Tec’s secured loan sourcing system, and later MortgageSource, its mortgage sourcing system, will be available on the Bluechip platform, allowing users to compare secured lending options. Ian Larkin, co-group chief executive of Target […]

Belmont Green appoints former Nemo director

Mon 4 Apr 2016

Simon Burnell, head of business development at Nemo Personal Finance until last month, has joined the new challenger mortgage lender Belmont Green Finance to head up second charge sales. Burnell’s formal title will be director of sales for second mortgages and he will report to sales and marketing director Guy Batchelor. Burnell said: “I have […]

V Loans sees registrations treble following LSL link up

Mon 4 Apr 2016

Second charge specialist V Loans has seen broker registrations treble following its appointment as the only second charge master broker across all three mortgage club and network brands of LSL Financial Services. The partnership with LSL Financial Services, including TMA Mortgage Club, The Pink Network and The First Complete network, marks a significant expansion of […]

New CEO for Freedom Finance

Wed 30 Mar 2016

Freedom Finance has appointed Brian Brodie as its group chief executive from Virgin Money. Brodie has 25 years of financial services experience having been sales at marketing director at Virgin and before that chief executive of mortgage servicer HML. He has also worked multiple director roles at Royal Bank of Scotland including mortgage operations. Brodie […]