With the growth in second charge lending reported in recent editions of the Secured Loan Index it was important for the NACFB to further acknowledge the opportunities that exist for their members within the sector.
The past year has seen an increase in the number of products that are of particular interest to NACFB member, with lenders like Shawbrook Bank, Precise Mortgage Secured Loans & Masthaven Secured Loans offering second charges to landlords as an alternative way to borrow against their BTL portfolio or the availability of more loans that can be used for business purposes, like payment of tax bills or a cash injection into a successful business.
Loans Warehouse started trading as a Secured Loan Broker in 2006, founded by Matt Tristram & Sam Busfield, traded successfully throughout the credit crunch and came out the other side as one of the strongest consumer lending brands within the finance industry.
Adam Tyler, CEO of the NACFB, said:
“We’ve brought Loans Warehouse on board as a Patron, because, as a broker, we think this is a niche that needs to be filled. As a large brokerage they have ability to assist our members in the Secured Lending space. Loans Warehouse takes the hard work out of comparing Secured Second charge lenders’ offers and it’s a quick way to find the best funding source.. Loans Warehouse is regulated by the FCA giving intermediaries peace of mind as we face this new form of regulation.”