Tenet adds Equifinance to second charge panel
27Jun 2018

Specialist second charge mortgage lender, Equifinance, has become the ninth addition to Tenet’s direct to lender second charge panel. Simon Broadley, Managing Director of TenetLime comments: “Our direct to lender second charge panel aims to make second charge a more cost effective ...

Equifinance appoints Regional Sales Manager
25Apr 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 exclusion
07Mar 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 Manager
07Nov 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 products
01Sep 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 panel
20Apr 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 soar
21Feb 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 checks
12Oct 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 competitive
14Sep 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 drop
24Aug 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 help
10Aug 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...

Master brokers praise MCD after conversion rates boost
21Jul 2016

Master brokers have reported that the implementation of the Mortgage Credit Directive (MCD) has resulted in a better application to completion conversion rate. Loan Talk reported last week that Enterprise Finance had seen an uplift of around 20% to over 60% in the conversion rates ...

A guide to adverse credit in a regulated market
13Jul 2016

Tony Marshall, Managing Director of specialist lender Equifinance, explains how second charge mortgages can help brokers with clients deemed as ‘adverse’ and the role secured lending can play in helping provide consumers with access to financial products they may otherwise be denied. ...

ESIS unlikely to change despite Brexit, claim experts
06Jul 2016

Loan Talk has been told that any changes to the first and second charge mortgage regulatory system are a “long way down the government’s priorities” following the Brexit vote. The news comes after the Financial Conduct Authority (FCA) reminded firms that they must still abi...

Industry reacts to return in pre-crisis lending
22Jun 2016

Loan Talk has been told that the increased amount of mortgage lending is good for the sector, especially if it’s “good quality lending”. It comes after the Council of Mortgage Lenders (CML) estimated that gross mortgage lending in April reached £18.5bn, which was the highe...

Equifinance appoints business development consultant
25May 2016

Second charge mortgage lender Equifinance has announced the appointment of a new business development consultant. Manchester-based Des Styles will focus on developing relationships with new and existing brokers in the Midlands, North and North West of England and Wales. Tony Marshall, Managing...

Equifinance to enter Scottish market
16May 2016

Equifinance has announced it will be launching its product offering in Scotland. The second charge lender felt that following the implementation of the Mortgage Credit Directive (MCD) and the lack of second charge lenders in Scotland, now was the time to expand its offering north of the border. ...

Equifinance appoints Simon Stern
28Apr 2016

Second charge mortgage lender Equifinance has exclusively revealed to Loan Talk that it has appointed industry heavyweight Simon Stern as its strategic consultant. The former founder and director of Prestige Finance is set to develop Equifinance’s distribution, new products and br...

Lender alarmed by consumer debt
21Apr 2016

Equifinance has voiced concerns over the sudden rise in consumer debt judgements, after figures revealed 2015 had the highest number since 2008. The specialist lender expressed alarm after statistics from the Registry Trust revealed that there were 734,205 County Court Judgements (CCJs) against c...

How secured loans can help your client with debt concerns
02Mar 2016

Tony Marshall, Managing Director of secured loan provider Equifinance, explains how second charge loans can help brokers’ clients with debt worries and how they can be used to exit Debt Management Plans (DMP).  Although secured loans have had an increased profile in recent years, there...

Equifinance sees DMP exit rise
10Feb 2016

Equifinance has seen a rise in the number of clients wanting to exit Debt Management Plans (DMP) as the economy improves. The specialist secured loan lender said many of them exited the DMP by using a secured loan which has resulted in reduced monthly payments and allowed them to access mortgage ...

RT @EquifinanceUK: We consider your clients even if they have irregular income, are #self-employed or are contract workers. Keeping #second