Choice Blog

Nemo lower rates to new low and increase max loan size

Last post: Jan 7, 2013

The new year has barely started but Nemo, the secured loan lender owned by the Principality Building Society that has products aimed at the prime end of the secured loan market, has thrown down the gauntlet with two bold moves in both decreasing its lending rates and increasing the sizes of loans as well as LTVs it is prepared to do.

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Secured loan market has record year in 2012

Last post: Jan 3, 2013

The amount of secured loans written in 2012 has hit a new recent high of £327.1 million. This has been the highest level since the credit crunch and only the 2009 figure of £566 million exceeds it. Totals from January to October alone exceeded the total output for 2011.

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UK Secured loan market continues to grow

Last post: Nov 19, 2012

According to statistics released today The amount of secured loans arranged between January and October of this year has already surpassed the entire number for last year by £6.8M. This is because the second-charge loans sector is continuously expanding in order to fill in the gap caused by the reluctance of first-charge lenders to lend.

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Shawbrook secured loan rates fall

Last post: Nov 13, 2012

Shawbrook secured loan rates have reduced for many personal applicants in what is a very competitive market place. For instance, the Shawbrook Bank Plus plan has seen a 2% reduction in the interest rate for clients who have a high credit score and a Loan to Valuation (LTV) of between 61% to 75%.

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Maximum Secured loan available increases to £200,000

Last post: Oct 1, 2012

Today Shawbrook bank announced that it is increasing the maximum amount it will lend as part of its Platinum loan range with rates starting at 6.9% APR - currently the most competitive in the market - to £200,000 from £125,00 previously.

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Non Status Secured Loan Options

Last post: Sep 6, 2012

The Secured Loan market continues to grow at pace. The combination of people in Tracker mortgages they don’t wish to refinance and those who have accumulated some adverse credit and so are not eligible for a (re)mortgage or unsecured loan have meant Secured loans have become an increasingly appealing option for many.

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