Secured loan up to 99% LTV

Here’s another new lender – 95% with mild adverse (99% on referral)

We are going through a phase of new lender overload with a new unsecured lender last week, a 95% secured loan today and two more lenders planned for launch.

However, we are not complaining. Promise already has the largest loan panel in the UK and today’s addition make it even bigger – now standing at 15 lenders the panel will be 16 by the end of the week. There simply isn’t another master broker to come close.

Promise has a longstanding relationship with the team at this lender and we are delighted to be helping them take their High LTV Loan to the wider market. This loan fills an important gap between the 85% LTV lending of Nemo/Shawbrook and the smaller, higher rates loans of Evolution and First Stop.

Key Criteria & Application Guidance

The high level criteria for this high LTV loan is as follows:

• £5,000 – £9,000 up to 100% LTV – lower rates than Evolution and First Stop
• £10,000 – £15,000 up to 95% LTV – larger loans than Evolution and First Stop
• Up to £20,000 considered on referral
• Up to 99% LTV considered on referral
• Mild arrears on unsecured credit can be considered but recent conduct must be good
• Small historic CCJ’s and defaults will be considered
• No current or historic mortgage arrears on the credit search will be considered.
• Rates from 1.8% to 2.25% per month

It may be worth reviewing any high LTV cases which have been declined on LTV or where your clients rejected an offer from Evolution due to the repayments being too high.

www.promisemoney.co.uk

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Consequently, reviewing your high ltv homeowner loans options with an FCA-authorised specialist credit broker ensures whole-of-market access while avoiding unnecessary fees and delays.

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Promise Money is an independent credit broker authorised and regulated by the Financial Conduct Authority (FRN 681423). Our experienced team reviews your specific circumstances to secure optimal terms across 90+ UK lenders.