The Loans Engine has been selected by Nemo to be one of only a few master brokers to distribute its 90% LTV secured loan product.
As well as the 90% LTV loan, The Loans Engine brokers Nemo products with rates from just 5.59%.
As lending criteria restraints remain on the high street the product could offer a realistic alternative for the mortgage intermediary to fill the funding gap.
Richard Keen, head of intermediary development at The Loans Engine, said: “We are delighted to have been chosen as one of a select few brokers to distribute Nemo’s new 90% LTV product.
“The outlook for growth and competition in the secured loan market in 2013 is most promising, with the relaxing of criteria and new lender entrants expected.
“Products such as this from Nemo, sold through master brokers like The Loans Engine, will create real impetus for the market, creating benefits for lenders, intermediaries and borrowers alike.
“This is a clear demonstration of how master brokers such as The Loans Engine and the lenders they partner with intend to support intermediaries in 2013.”