Clearly Loans has launched its mainstream secured loan products in Northern Ireland.
The only other secured loan option for brokers in Northern Ireland is Evolution Money which launched on 1 March with a maximum loan size of £10,000.
Rates start from 13.9% and loans are available up to 75% loan-to-value capped at £50,000.
Sam Busfield, co-founder and director of Clearly Loans and Loans Warehouse said: “Secured lenders effectively closed the door on Northern Ireland during the credit crunch but in recent years we have been frustrated at the lack of activity so we decided to take the initiative.
“We predict that 2014 will see a return for more lenders in Northern Ireland and hopefully Clearly Loans will be a market leader in this space for years ahead.”
