Promise Money has secured loans available for people who have had credit issues in the past as well as those with clean credit histories
What you need to know – Bad Credit Secured Loans
1st May 2012
£50000 secured loan bonus
Earn an additional £300 bonus on your large loans
2nd May 2012
Secured Loan Comparisons
Here is an email template you can send to your business contacts to generate secured loan enquiries.
15th May 2012
Secured loans for clients with poor credit e.g. CCJ’s, Defaults, IVA’s
We get many calls asking if we can arrange a loan for someone with bad credit.
1st Jun 2012
No equity & high LTV secured loans with bad adverse credit & arrears
A broker mentioned to me yesterday that he had forgotten about our 125% LTV (adverse accepted) secured loans.
15th Jun 2012
Email template for your clients – Secured loans adverse credit
a version of our adverse credit update which can easily be forwarded to introducers.
2nd Jul 2012
Secured loans for people who have problems with income
I have been asked to circulate something to brokers regarding income specifically showing points they may be missing out on.
13th Jul 2012
High LTV above 125% secured loans including poor credit
A broker mentioned that he had forgotten about our 125% LTV (adverse accepted) secured loans.
27th Jul 2012
New secured loan up to 99% LTV
Here’s another new lender – 95% with mild adverse (99% on referral)
21st Aug 2012
Pension loans for Limited companies
Here’s another new product which I think will interest you.
30th Oct 2012
Loan Broker Update: Difficult loan, funding & capital raising options
It’s fair to say that most loan enquiries come to us for the straight forward reasons we all know
26th Nov 2012
How to solve complex income scenario’s for secured loan applicants
Clients often get turned down for finance due to the income criteria of a particular lender.
10th Dec 2012
Guarantor loans now available
9th Jan 2013
Difficult loans or finance applications
Secured loan brokers constantly preach how a loan can provide a solution when a remortgage is declined.
14th Jan 2013
Large secured loans £30000 to £50000
Large loan update – better products to help leave the existing mortgage in place.
21st Jan 2013
Secured Loans with little or no equity
Over recent weeks a number of high LTV secured loans have come to the market
4th Feb 2013
The lowest loan interest rate for at least 6 years
To start the year I am pleased to tell you we have a major product change
26th Feb 2013
Higher LTV’s and lower loan rates from Blemain
We have some improved Blemain terms to share with you. Given this is good news for all brokers,
4th Mar 2013
Loans for self employed – no accounts – poor credit
This new product will be of benefit to clients with heavier adverse credit
18th Mar 2013
A new loan for borrowers in Scotland
Masthaven Secured Loans have extended their lending into Scotland today.
22nd Mar 2013
Self employed loans and business finance
With tax bills looming, here is a reminder of some of the additional products which may help your clients.
2nd Apr 2013
High LTV secured loan for borrowers with past arrears or poor credit
NEW Secured Lender – High LTV – poor or bad credit accepted – rates from 8.9% – LTV’s up to 85%
8th Apr 2013
Remortgage Declined? Find a solution with the secured loan guide
For brokers helping their clients to capital raise, this simple guide may help identify where a secured loan may be an alternative to a remortgage.
24th Apr 2013
Brokers tap into doubled commissions with large secured loans
it is clear that the secured loan market is proving more popular for clients raising large sums.
22nd May 2013
Spot Secured Loans Faster – Refer Them Faster
Are you too busy to offer secured loans on your remortgage declines?
12th Jun 2013
Second Charge Loans
Promise was fortunate to be one of the first Brokers to offer second charge loans from Masthaven when it launched towards the end of last year
1st Jul 2013
Large amounts Secured loans
Not only have we just completed Nemo’s largest ever loan
5th Jul 2013
New products from secured loan lenders – large loans at low rates
These homeowner loans are now live on the Promise sourcing portal – alongside the other 17 secured lenders.
5th Jul 2013
Brokers at risk from claims management companies
It is widely believed that brokers, in particular those involved in mortgages and loans, are in the firing line
22nd Jul 2013
Secured and Bridging loans online application
Its free, simple and easy to integrate. Here’s how it could work for you.
19th Sep 2013
Short term loans bridging or a secured loan
We are regularly asked by our brokers for short term bridging.
24th Oct 2013
New secured loan accepts buy to let
We are now up to 16 secured lenders – That’s double what you get on other sourcing systems
13th Nov 2013
New sub prime secured lender accepting poor credit & minimal equity
This is double the number of lenders offered by most loan sourcing portals
14th Nov 2013
Secured Loan Company reaches 10th birthday
Promise has celebrated its 10th birthday
27th Nov 2013
Paragon introduce three and five year fixed secured loans
Paragon has today introduced new three year and five year fixed secured loans
6th Jan 2015
Central drop rates on secured loans again
Central have today unveiled a new criteria update which sees their interest rates drop once again
7th Jan 2015
A new option for self-employed borrowers
HMRC are currently being swamped by requests from self-employed individuals for SA302s to support mortgage applications.
12th Jan 2015
Congratulations to Simon Stern
After 30 years at Prestige Finance Simon Stern has now left onto pastures new
20th Jan 2015
Significant changes in the secured loan sector
Last week saw some significant changes in the secured loan sector.
26th Jan 2015
Precise add new five year fixed secured loan product
This morning Precise Mortgages has enhanced its secured loans offering
29th Jan 2015
Overview of BTL secured loans
I predict that this year is going to see a massive increase in BTL secured loans
2nd Feb 2015
Equifinance relax 80% LTV secured loan for recent arrears & CCJ’s
Equifinance, the specialist secured loan lender, has relaxed its criteria most notably to accept applications at 80% LTV
10th Feb 2015
Nemo reduce secured loan rates by up to 0.9%
We have released some amendments to Nemo’s criteria this morning with secured loan rates reduced by up to 0.9%.
23rd Feb 2015
Secured loans – Not just for problem cases
Last year I ran a series of roadshows for brokers and was surprised by how many still think of secured loans” as a last resort product.
26th Feb 2015
Mortgage Brokers getting to grips with Secured Loans
It is common industry knowledge that Second Charges will harmonise with first mortgages in March
26th Feb 2015
Secured loans for tax purposes
out of the blue, a nice tax bill comes through the post.
27th Feb 2015
Secured Loan Case Studies – Shawbrook
Sometimes a case study can help brokers more than an overview of the underwriting criteria.
5th Mar 2015
Second charge bridging from 0.4% per month
If the above caught your attention it was intended to make a specific point – please read on.
6th Mar 2015
New 90% LTV BTL Second Charge
Another useful product has hit the market which may prove useful to assist your clients in raising cash
12th Mar 2015
Second charges at 100% LTV
Evolution have released a cracking new product for certain quirky / high LTV scenarios.
16th Mar 2015
Secured Loan Update: Blemain take another 0.5% off rates
Blemain have today reduced their loan rates by up to 0.5%
18th Mar 2015
Nemo make further secured loan rate reductions
Last night we were informed of further rate reductions to our Prime range of secured loans.
13th May 2015
Lower rates and new lender in Scotland
Recent lender changes are good news for brokers – particularly those working in Scotland.
18th May 2015
BTL second charge loans reduced to 5.79%
If you deal with BTL landlords this could be a product you have been waiting for.
21st May 2015
No need to fear secured loans
I think it’s fair to say many brokers approach secured loans with a degree of caution.
12th Aug 2015
BTL second charges – missed opportunity?
The rise of buy-to-let continues apace, despite a challenging few weeks for the sector.
18th Aug 2015
Are your secured loan processes up to scratch?
How much of your day to day duties have become habit?
25th Aug 2015
How to show value to the customer without going too far?
Many DA brokers face the same conundrum when it comes to secured loans.
1st Sep 2015
Not offering secured loans? When will your advice end?
As the industry braces itself for full regulation of secured loans I have noticed there seems to be three schools of thought emerging.
23rd Sep 2015
How to deal with complex cases
While I am sure it is every brokers dream to deal with only straightforward, prime clients
23rd Oct 2015
The importance of flexibility
Those of you who regularly read my column will know I am of the belief that mortgage brokers should not fear second charges
26th Oct 2015
Do you want to stay ‘whole of market’ & ‘independent’?
Are you a ‘whole of market’ broker? If you are it’s no doubt a label you want to keep hold
2nd Nov 2015
2022 – We’ve got a plan so it doesn’t need to be a bumpy ride!
We hope you have had a wonderful Christmas and New Year.
4th Jan 2016
New Interest Only – No Upper Age Limit
This product has been launched today – only through selected packagers.
6th Jan 2016
New improved complex second charge
This adverse loan from Spring Finance has been revamped
20th Jan 2016
What will be the impact of MCD on consumers?
Since talk of EU legislation first began, many years ago, the impact it would have has been discussed exhaustively.
27th Feb 2016
Second Charges will never be the same again
The second charge market as we know it has changed forever.
21st Mar 2016
Second charge advice – what is it?
Sometimes, even with the very best intentions it’s possible to get things wrong.
31st Mar 2016
Have you spoken to your BSM?
Have you spoken to your Broker Sales Manager recently? (BSM).
12th Apr 2016
Fantastic improvements to near prime seconds
Some great new criteria has arrived from Step One which I thought you might want to know about.
11th May 2016
Brexit forces down near-prime rates
Following the recent EU referendum and Britain’s decision to leave the EU, rates have begun to be forced down.
14th Jul 2016
Top 3 broker needs for second charges
Recent meetings held between Promise and AR / DA firms have highlighted that mortgage brokers who have embraced second charges
31st Aug 2016
Am I wrong about this?
A good proportion of UK consumers will want to raise capital but talk themselves out of it
12th Sep 2016
To advise or not to advise?
That seems to have been a key question for mortgage brokers in 2016
13th Sep 2016
Offering a blended solution – Part 1
Here we post a series of articles showing how first charge, second charge, bridging or commercial mortgages
14th Sep 2016
Promise integrates with 7th second charge lender
Leading master broker Promise Specialist Lending has completed XML integration with Shawbrook
21st Sep 2016
Overcoming consent issues
What do you do when the first charge lender won’t consent to a second?
29th Sep 2016
How to solve a problem like second charge fees?
There’s been plenty of debate of late surrounding fees in the second charge market. And rightly so.
17th Oct 2016
Second charges – seize the day
For the big financial purchases or restructures customers will often think remortgage and might contact their broker.
26th Oct 2016
Service is Key
What’s the most important aspect of your business? Which area do you focus hardest on?
15th Nov 2016
Will the lure of independence be enough?
I have spoken many times about the need for mortgage brokers to embrace secured loans and accept them as a mainstream product.
19th Nov 2016
Punjabi and Urdu speaking secured loan team
Brokers applaud Punjabi and Urdu speaking secured loan team
21st Nov 2016
Review of second charge mortgage market in 2016
2016 was always going to be a challenging year for seconds, was it harder than you expected?
28th Nov 2016
Save your clients money with a third charge
Picture the scenario where your client wishes to capital raise but there is a second charge in place which they don’t want to clear.
6th Dec 2016
That deal you are thinking of binning
Many of our brokers are now so busy with mortgage enquiries that they don’t have time to focus on their complex cases.
1st Feb 2017
The tides beginning to turn
Where is this so called second charge boom? That seems to be the question on everyone’s lips right now. Why didn’t it happen?
21st Mar 2017
A strategy to grow your business faster
We know that consumers generally don’t go to their mortgage broker when they want a loan. Instead they go online and apply to someone else.
31st Mar 2017
Back to Basics
Let’s start with the basics. Do you know what a second charge is? If not don’t worry, you’re not alone.
3rd Apr 2017
Second charge rates cheaper than first charges?
We talk quite a lot about how second charge can be the more cost effective solutions for a number of borrowers.
4th Apr 2017
Where do we go from here?
I’m sure that’s a question pretty much everyone in the country is asking themselves right now following last month’s politics news
26th Apr 2017
Battling the comparison sites
After adapting to multiple new regulation regimes in recent years – not to mention dealing with a political elite who seem to be addicted to chaos and confusion
3rd May 2017
Second charges – pleasure or pain?
Are you motivated by pleasure or motivated by the avoidance of pain?
17th May 2017
Promoting Second Charges – More to be done
There’s a shared consensus in the second charge market that more needs to be done to promote the products on offer, both to mortgage brokers and to consumers.
23rd Jun 2017
Educate Educate Engage
If you’d asked me several years ago how I felt about skiing I’d have told you I was not a fan. This, however, would have been something of an untruth.
27th Jun 2017
Why wouldn’t you?
If I told you you could increase your income by doing something almost identical to what you’re doing now, that wouldn’t increase your hours and wouldn’t mean missing out
3rd Jul 2017
Is there space for more competition in the second charge market?
Is there space in the second charge market for more lenders?
4th Jul 2017
What a difference a month makes
Secured loans are already highly flexible and competitively priced but there are two other important drivers which will influence the growth of the second charge industry.
28th Jul 2017
Customer awareness in second charges is growing – make sure not to miss it
How much do you have to say something before people start to believe it’s the truth?
3rd Aug 2017
Brokers still unaware of second charges
Awareness. It’s a word that has been bandied about a lot in recent years as the second charge market looked at ways to increase broker engagement.
24th Aug 2017
Second charges – The pivotal moment?
The second charge market is at a pivotal point. Lending volumes may have been rising for some time now but only now
1st Sep 2017
Understanding second charges
It’s not surprising that some brokers steer clear of second charge loans when there is so much conflicting information
5th Sep 2017
West One Shake Up Second Charge Market
West One has long been a key player in the bridging market and one which is popular with brokers and clients alike
9th Oct 2017
Second charges for capital raising clients.
If I asked the average broker if he or she gets many second charge enquiries the chances are the answer would be “no, not many, my clients don’t need second charges.”
26th Oct 2017
The Threat of CMC’S
Unfortunately it is also home to a group of businesses, some of which have encouraged consumers to produce fictitious complaints and claims on an industrial level.
27th Oct 2017
PPI Claims Firms – Who will they target next?
According to reports PPI claims soared in the first half of 2017, hitting a three year high. At first glance this seems almost impossible.
1st Nov 2017
Fancy a 1% discount on your business loan?
Are you aware that we can get a 1% discount on commercial borrowing?
9th Nov 2017
Solutions you wont find on sourcing systems
I have a promotion at the moment for your non standard cases. Let us package your cases for £99 and you still get a 0.35% proc fee
11th Nov 2017
Your flexible friend
If you are looking for flexible lending, then please talk to us about our range of second charges.
15th Nov 2017
How brokers use seconds – Affordability
My second charge case studies this week focus on affordability.
30th Nov 2017
2017 – Year In Review
At the start of 2017 there were plenty of hopes that 2017 would be the year that we saw major progress in the second charge market.
1st Dec 2017
Navigating the fees issue
When it comes to fees on second charges there are many opinions and probably as many options.
5th Dec 2017
Should We Ignore People With Poor Credit History?
or some brokers credit repair is a dirty phrase that conjures up images of unreliable clients with shady credit histories that should be avoided at all cost.
15th Dec 2017
The changes to paying your Tax Bills
Some of your self employed clients may be in for a nasty shock in the next week or so.
12th Jan 2018
Second Charge Market – Success or failure?
Thanks to MCD and the tireless work of those in the seconds industry in educating the sector awareness has increased and so too are lending figures.
6th Feb 2018
How to spot a big opportunity
So far this year we are seeing more large second charge loan enquiries.
6th Feb 2018
Simple changes to open more opportunities
Unsurprisingly, given the last few years in the mortgage market, ‘change’ is a word many brokers are somewhat wary of.
14th Feb 2018
Solutions for HMO lending
There has been a massive spike in HMO property investors over the last 12 months – the returns can be outstanding.
20th Feb 2018
Can I help your Ex Pats?
With more Brits living and working outside the UK there is an increase in enquiries for Ex Pat mortgages via our panel of specialist Ex Pat lenders.
22nd Feb 2018
Guide to placing complex cases
Some brokers have asked for a second charge guide to help them place more complex loan and remortgage cases.
27th Feb 2018
Flavour of the month – No ERC’s
Loads of our brokers are looking for loans with low ERC’s and low lender fees.
13th Mar 2018
100% LTV and 3rd charges with adverse
This has just come in. Please take a moment to read this.
14th Mar 2018
Rate crash on BTL seconds
We want to make sure you know about the massive rate drops on Together’s BTL second charges.
20th Mar 2018
Second charges. Are you being Misled?
Though it’s not the most pleasant thing to acknowledge, as a magazine contributor, it’s certainly the case that a large majority of people will only read the headline of a news story or article.
28th Mar 2018
Why Brokers are needing to diversify
Recent research conducted by Legal and General Mortgage Club has revealed that over 80% of brokers will look to diversify their business models and income streams
6th Apr 2018
Sometimes a second is just easier
Just for a change, rather than tell you about the niche products we offer, here are some more straight forward examples of large recent second charge cases.
10th Apr 2018
The effects of GDPR
If you need a positive shot in the arm here’s some of the more positive news which is circulating.
12th Apr 2018
New plans and rate reductions – second charge
West One has revamped their second charge product range with lower rates, higher LTV’s and more flexibility.
12th Apr 2018
95% purchase – failed credit score
We are seeking opinions on how useful this new product would be to your clients and plan to release it first to Promise’s registered brokers.
26th Apr 2018
GDPR – it may change your process
Just a quick heads up on how some lenders are dealing with GDPR.
30th Apr 2018
New high LTV lender today
Just a quick update on a new lender to offer high LTV secured loans – Optimum – 95% LTV.
31st May 2018
New lender in Scotland
We are writing to our Scottish brokers with details of a new lender.
7th Jun 2018
HMO second charges – rate reduction
Just a quick note for a Friday afternoon – probably Monday by the time you read this.
8th Jun 2018
Working in a post GDPR World
Now that the General Data Protection Regulation (GDPR) has finally come into effect
18th Jun 2018
Second charge rate reductions
Just a quick update on the second charge front
3rd Jul 2018
Exclusive – 90% LTV mortgage with adverse
We have a fantastic new product which we really think you need to know about.
9th Jul 2018
Can we get ahead of the game?
If you are going on holiday soon, do you have any second charge cases you want me to look at for you now?
16th Jul 2018
Still Work to do on Seconds
Accord to research by SimplyBiz Mortgages, only 15% of mortgage broker are not involved in the second charge market at all.
18th Jul 2018
CPD – 100% LTV second charge lending
There has been an update on our high LTV second charge plans.
24th Jul 2018
Are Mortgage brokers engaging with second charges?
It’s been a key question in the mortgage industry since MCD was introduced
24th Aug 2018
Uncertainty where there should be none
We live in uncertain times. None of us have any idea how Brexit will pan out, if at all.
10th Sep 2018
Equity release second charge and new lending options
One of our most flexible second charge lenders has just reduced its rates by up to 2% and introduced a range of new features.
11th Sep 2018
New lowest second charge rate
Further to our blog post yesterday, we have an important rate reduction for you.
1st Oct 2018
Rates reduced on high LTV cases
After a quiet summer, second charge lenders are making improvements.
1st Oct 2018
New lender launched in Scotland
A new complex first charge mortgage lender has just launched in Scotland which we thought you may find useful.
5th Oct 2018
Scotland – new credit repair lender – as promised
As promised, here is a criteria overview for another of our specialist lenders which has now launched in Scotland.
5th Oct 2018
We are not stalking you – Really..
there’s a lot happening with second charges to tell you.
11th Oct 2018
Specialist mortgage rates reduced
Reduced rates for those quirky / complex purchases and remortgages – see below.
15th Oct 2018
Complex loans – now 1% lower
We know we’ve bombarded you recently with good news about second charges.
18th Oct 2018
Scratching your head?
We don’t want you to forget us – or those little second charge niches which can sometimes be so useful.
25th Oct 2018
Latest product roundup
Here’s a summary of October’s positive changes in the second charge market.
13th Nov 2018
Our new lowest rate ever
We have made some significant changes to our second charge range and introduced a NEW lowest rate on the market with some other great features.
16th Nov 2018
New Lender – complex commercial
Take a look at this new product for your self employed / business clients who want a commercial mortgage
19th Nov 2018
New Fixed rates – with no ERC’s
We want to make sure you didn’t miss the cheapest second charge we launched last week?
22nd Nov 2018
Second charges: solving the generational divide
At present the mortgage market stands at something of a generational divide and it’s one that could have considerable implications for the second charge market.
29th Nov 2018
How a high LTV lender could help you
If capital raising with a high LTV remortgage is tricky, see how high LTV second charges might help people now
4th Dec 2018
Busting the ‘second charges = hassle’ myth
One of the biggest misconceptions I hear when speaking to brokers is that offering seconds is too much hassle.
5th Dec 2018
Together improve their products for Together Plus partners
Together Money, one of the UK’s leading specialist lenders has introduced preferential rates for selected partners which coincide with the founding business turning 45 years old.
19th Sep 2019