Equifinance appoints Regional Sales Manager25Apr 2018
London based second charge lender Equifinance have appointed Richard Croll as Regional Sales Manager. Richard’s arrival follows several other key appointments in the last two years which, together with some innovative product introductions, have seen volumes grow significantly. Richar...
The gig economy could still face financial exclusion07Mar 2018
Equifinance, the specialist second charge mortgage lender, says that we must ensure the ‘gig economy’ highlighted in the Taylor Review doesn’t result in financial exclusion due to insecure employment, often on an enforced self-employment basis. The Review, published last July, p...
Equifinance appoints General Manager07Nov 2017
Equifinance, the specialist second charge mortgage lender, has appointed the highly experienced Gary Smith as General Manager with overall control of Operations for both New Business Underwriting and Servicing. Gary brings with him 38 years of experience in the lending market with 18 years of tha...
Equifinance announce new products01Sep 2017
Equifinance have announced that they are to introduce and release a new product range on the 4th September 2017. This includes 5 year fixed rates across their core product range and a promotional reduction in rate on selected products. Equifinance distribute their lending solutions via re...
Equifinance added to TFC panel20Apr 2017
TFC Homeloans has added Equifinance to its second charge mortgage lender panel. The range of Equifinance second charge mortgages is now available to brokers via the specialist packager. The lender assesses each application on a case-by-case basis and works with clients with a history of advers...
Equifinance report changing customer profile as CCJs soar21Feb 2017
Equifinance, the specialist second charge mortgage lender, says the profile for customers taking out a second charge mortgage has changed significantly against the backdrop of CCJs in 2016 being at record levels. The Registry Trust reports there were 912,389 county court judgments (CCJs) against ...
80% back second charge lenders’ affordability checks12Oct 2016
Second charge lenders are factoring in interest rate rises when assessing a loans’ affordability. According to the latest online poll from Loan Talk, 80% of respondents feel second charge lenders are doing enough to factor in interest rate changes when assessing affordability. ...
78% believe self-employed second charge products are competitive14Sep 2016
Second charge products for the self-employed have been praised for being much closer aligned to the requirements of borrowers and flexibility. A recent poll conducted by Loan Talk found that 78% of respondents felt that self-employed second charge products were competitive with 22% voti...
Tighter underwriting furthers second charge repossession drop24Aug 2016
The second charge mortgage market has been boosted by Finance & Leasing Association (FLA) research indicating that repossessions have fallen by 40% during the last quarter. This news has been welcomed by the second charge market. Jeff Davidson, head of intermediaries at Fluent ...
CCJs surge shows need for financial help10Aug 2016
The rise in the number of county court judgements (CCJs) has shown that customers still need help with debt management and provision for access to financial products, according to Equifinance. The Registry Trust has found that there were 419,510 CCJs during the last six months, a year-on-year inc...