Mortgage News
Link Loans launches second charge remortgage
Secured loans lender Link Loans has launched a product enabling brokers to provide a secured loan alternative for prime employed and self-employed customers looking to remortgage.
The product has a rate of 7.9% and is available up to 65% LTV for loans from £20,000 to £100,000.
Maeve Ward, head of sales at Link Loans, said that the product is being distributed via intermediaries and will only be available to clients who have a clean credit history.
She added that, while the product is designed to offer an alternative solution to a remortgage, it will also benefit clients who have a clean credit history.
“There is a pent up demand for customers who have increasingly found first charge lenders preferring purchase applications to refinance business.
“The Platinum product was designed specifically to offer an alternative solution to a remortgage. We believe our platinum product can redefine the role a secured loan plays within the wider mortgage market and is being distributed via our intermediary partners,” she added.
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David Johnson, chief executive officer at Link Loans, said: “All Link loans carry no early repayment charges. This allied to such an attractive rate really does mean brokers can offer their customers a very affordable and flexible product.”