Broker & Intermediary Briefing
No equity & high LTV secured loans with bad adverse credit & arrears
Specialist whole-of-market lending solutions structured across 90+ UK lenders. Rapid decisions, direct underwriting criteria, and competitive terms for complex borrowing requirements.
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- FCA-Authorised Guidance: 35+ years independent UK credit brokerage
No equity & high LTV secured loans with bad adverse credit & arrears
No equity & high LTV secured loans
A broker mentioned to me yesterday that he had forgotten about our 125% LTV (adverse accepted) secured loans.
I thought it might be useful to give you a brief summary of some of our niche products.
As you will probably know, we have a range of mainstream lenders which lend up to 85% LTV and offer rates from 6.9%. These additional products are more expensive but might occasionally fulfil a need for Homeowners with adverse and little or no equity. Third charges are also available.
Evolution Loans
Niche’s Will take third charge
Will lend in N’ Ireland (plus England and Wales)
Specifically, will lend to 125% LTV
In addition, will take adverse credit
Will take Part time applicants – 16 hours/ week minimum
Advance £1000 – £10000
Mortgage arrears None in the last 3/6 months
Secured Arrears Max 3 months
CCJ’s /Defaults No defaults in last 3/6 months
Term 12 – 84 months
Rate 2.5% to 4% per month
Lender Fee 10% to 15%
Comments Rates, terms and loan amounts vary dependent on client profile
First Stop Loans
Niche’s Will take third charge< Will lend in Scotland (plus England and Wales) Will lend to 125% LTV Will take adverse credit Will take Part time applicants -16 hours/ week minimum Advance £1500 – £7500
Understanding Market Rates & Repayment Terms
Mortgage arrears 1 in the last 4 months – max £2000
Secured Arrears 1 in the last 4 months – max £2000
CCJ’s /Defaults No defaults in last 4 months
Term 24 – 60 months
Rate 3.5% to 5% per month
Lender Fee 30%
Comments Rates, terms and loan amounts vary dependent on client profile
Brokerbrain – Unsecured Hybrid Loan
Niche’s Unsecured Homeowner loan – no charge – no equity needed< Up to £25K – with adverse – rates from 9.4%< Any legal loan purpose considered – including purchase/ remortgage deposit Self-employed accepted – 3mths bank statements (average income over the 3mths) IVAs or Debt Management considered on the basis they are settled from funds Must have a frozen pension fund (not contributing) valued at £20K plus Can borrow approximately 35% of pension value Advance £5000 – £25000
Mortgage arrears No current mortgage arrears and none in last 6 months
CCJ’s Max 5 CCJs none incurred in last 3 months (satisfied ignored, max total value £3,000)
Defaults Max 2 defaults none incurred in last 3 months (max total value £3,000)
Unsecured arrears Max of 1 missed payment in last 3 months (per credit item)
Term 5 to 25 years
Rate 9.4% to 12.5% APR
Lender Fee 10%
Comments Homeowners only (must be joint application if married/partner/joint homeowner)
Income – minimum £1,200 single application (£1,600 joint)
England and Wales only
No Bankrupts
Key Criteria & Application Guidance
Brokerbrain – Unsecured PDQ Loan
Niche’s Unsecured Homeowner loan – no charge – no pension needed
£3000 to £5K – with adverse credit
Any legal loan purpose considered
Self-employed accepted – 3mths bank statements (average income over the 3mths)
IVAs or Debt Management considered on the basis they are settled from funds
Advance £3000 – £5000
Mortgage arrears No current mortgage arrears and none in last 6 months
CCJ’s Max 5 CCJs none incurred in last 3 months (satisfied ignored, max total value £3,000)
Defaults Max 2 defaults none incurred in last 3 months (max total value £3,000)
Unsecured arrears Max of 1 missed payment in last 3 months (per credit item)
Term 3 to 10 years
Rate 20% per annum
Lender Fee 10%
Comments Homeowners only (must be joint application if married/partner/joint homeowner)
Income – minimum £1,200 single application (£1,600 joint)
England and Wales only
No Bankrupts
These loans are all available for sourcing and quoting on Promise Quote
Lending Considerations & Next Steps
Loans Secured on Personal Assets
If your clients need short term finance they can borrow against personal assets such as jewellery, watches, cars, etc
Niche’s No income checks
No credit checks< Can complete in a few days Homeowners or tenants< Advance £1000 – £1,000,000
LTV 70% – Jewellery and watches, 50% – Fine art, Antiques, Prestige Cars and Yachts
Mortgage arrears Any
CCJ’s Any
Defaults Any
Unsecured arrears Any
Term 1 month to 12 months
Rate 2.49% to 3.99% per month
Lender Fee 2.5%
Exit Fee None
Comments Homeowners only (must be joint application if married/partner/joint homeowner)
Income – minimum £1,200 single application (£1,600 joint )
England and Wales only
No Bankrupts
With all lenders above, after applying, the lender will liaise direct with your clients until completion.
You can source, quote and apply for these products through Promise Quote. Asset loans have a separate page and application form on our website.
Latest Articles
Intermediary Guidance for No Equity Secured Loans
Structuring competitive terms on no equity secured loans for your clients requires direct access to specialist underwriters. In addition, our intermediary lending desk works directly with over 90 specialist lenders across the UK.
Consequently, partnering with Promise Money ensures whole-of-market broker access, transparent procuration fees, and rapid decisions in principle for your client cases.
Specialist Underwriting & Whole-of-Market Access
Because specialist lending facilities require bespoke underwriting, comparing lenders across the UK is essential. Explore our complete guide to Specialist Lending Desk to understand how different lending criteria apply to your requirements.
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.
Key Takeaways: No Equity Secured Loans Broker Briefing
Additionally, partnering with Promise Money gives intermediaries whole-of-market access across 90+ specialist second charge lenders.
Furthermore, direct access to our specialist underwriting desk protects client relationships while guaranteeing transparent and competitive proc fees.
Consequently, complex borrowing scenarios—including high LTVs, adverse credit, or complex income—are structured efficiently without delays.
Therefore, introducers can submit case details directly online or via phone to secure rapid Decisions in Principle.
Specifically, second charge homeowner facilities are assessed with commercial speed to meet critical funding deadlines.
Moreover, comprehensive lending criteria checklists ensure client applications are fully structured prior to lender submission.
In addition, dedicated underwriter communication guarantees updates at every milestone from enquiry through to completion.
Crucially, keeping existing low-rate primary mortgages completely untouched saves your clients thousands in remortgage penalty fees.
Underwriting Flexibility & Documentation
In practice, our intermediary team handles valuation queries and legal liaisons so you can focus on client advisory.
Above all, whole-of-market access allows you to place non-standard cases that mainstream high street lenders routinely decline.
As a result, your brokerage delivers reliable capital-raising solutions even for complex homeowner borrowing requirements.
After all, working with an established specialist credit broker with 35+ years experience protects your professional reputation.
Meanwhile, dedicated broker portal tools provide real-time tracking on survey sign-offs and fund disbursements.
Indeed, high LTV options up to 100% or more allow clients to unlock needed capital without moving home.
Finally, dedicated support ensures buy-to-let second charges and commercial referrals complete without administrative friction.
Unlike traditional broker networks, Promise Money requires zero membership fees or exclusive volume commitments.
Fortunately, third charge facilities and equitable charges provide flexible alternatives where first charge consent is restricted.
Understanding Market Rates & Repayment Terms
Ultimately, transparent broker commission schedules ensure prompt proc fee payouts upon case fund release.
Similarly, fast electronic identity checks and automated valuation models speed up loan processing considerably.
Because lending criteria varies widely, independent whole-of-market access ensures the optimal lender match every time.
Specifically, second charge homeowner facilities are assessed with commercial speed to meet critical funding deadlines.
Moreover, comprehensive lending criteria checklists ensure client applications are fully structured prior to lender submission.
In addition, dedicated underwriter communication guarantees updates at every milestone from enquiry through to completion.
Crucially, keeping existing low-rate primary mortgages completely untouched saves your clients thousands in remortgage penalty fees.
In practice, our intermediary team handles valuation queries and legal liaisons so you can focus on client advisory.
Above all, whole-of-market access allows you to place non-standard cases that mainstream high street lenders routinely decline.
Case Structuring & Eligibility Factors
As a result, your brokerage delivers reliable capital-raising solutions even for complex homeowner borrowing requirements.
After all, working with an established specialist credit broker with 35+ years experience protects your professional reputation.
Meanwhile, dedicated broker portal tools provide real-time tracking on survey sign-offs and fund disbursements.
Indeed, high LTV options up to 100% or more allow clients to unlock needed capital without moving home.
Finally, dedicated support ensures buy-to-let second charges and commercial referrals complete without administrative friction.
Unlike traditional broker networks, Promise Money requires zero membership fees or exclusive volume commitments.
Fortunately, third charge facilities and equitable charges provide flexible alternatives where first charge consent is restricted.
Ultimately, transparent broker commission schedules ensure prompt proc fee payouts upon case fund release.
Similarly, fast electronic identity checks and automated valuation models speed up loan processing considerably.
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Meet our specialist team
Learn about our 35 year story >
Steve Walker
Managing Director – 40 years of experience
Founding chairman of the Corporation of Finance Brokers. Specialist in UK residential mortgages, secured loans, and regulated bridging.
Simon Carr
Commercial Director – Proptech
Specialist in complex mortgages, commercial underwriting, and developer finance. Architect of Promise Money’s automated lending tools.