Equifinance has chosen The Loans Engine as a distribution partner for its secured loan offering.
Equifinance provides a range of products with up to 75% LTV for customers with a less than perfect credit history, for example with mortgage arrears, CCJs and defaults.
Luke O’Sullivan from Equifinance said: “We are looking to substantially grow our lending this year and partnering with a master broker such as The Loans Engine allows us to give the wider broker community access to our niche offering.
“High Street lenders show no real signs of an increased appetite for lending, particularly to credit impaired customers, so we are pleased to be able to offer a real alternative to the market.”
Richard Keen, head of intermediary development at The Loans Engine, added: “We have already seen many innovations and improvements from secured lenders this year and this offering is further testament to the positive outlook within this market for the mortgage broker.
“We are delighted to have been chosen by Equifinance to distribute their products.”