Homeowner Loan Interest Rate Reductions

Link Loans has made rate reductions on all of its products that are available for LTVs from 51% to 75%.

Rates for loans below 51% will remain the same.

The rate reductions are on a scale depending on the level of LTV, with products being 2.5% cheaper in some circumstances.

Link Loans says the rate reductions have been implemented in response to demand from its key broker partners and will make the lender’s products more competitive in the secured loans marketplace.

This is fantastic news for those looking for Secured Loans.

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Boost for Homeowner Loans Availability

The Norwich-headquartered independent financial services company, Central Trust PLC, has announced that it has agreed terms on a new £90 million revolving credit facility with The Royal Bank of Scotland and National Australia Bank (NAB).

The new facility provides the company with funding to support its ongoing operations as well as providing additional funding to support future growth plans for the company with lending in the Homeowner Loans and Secured Loans market.

UK - in Norwich, Redditch and Watford. The company is the largest independently owned specialist financial services broker in the UK.

Amongst the portfolio of services it provides are mortgage broking and lending, secured loan broking and lending, general insurance and debt management plans, including individual voluntary arrangements.

Speaking of the new credit facility and the implications for the business, Executive Chairman of Central Trust PLC, Andrew Turner said: “We are delighted to have secured this new funding facility from RBS and NAB. It is a testament of our business model, our reputation and resilience in these tough economic times. It is also an endorsement of the strength of proposition that we create for our customers and their requirements.”

Kieran McSweeney, Director, Structured Finance, Corporate & Institutional Banking at RBS added: “Central Trust has established itself as the largest and most highly respected independently owned financial services organisations in the country. Despite tougher trading conditions it continues to flourish, reflecting the diversified income stream model the company has established.”

Greg Elswood, Director, Specialised Group Assets at NAB commented: “Central Trust has been a good customer of National Australia Bank for a number of years, and we are delighted to continue our support for the company. Andrew Turner and his team have managed difficult markets well, and the new credit facility will help to support Central Trust’s growth plans and the next stage of the company’s development.”

QuickQuid TV adverts as Payday Loan Applications rise

As the need for quick cash rises, Payday Loans from Quick Quid have become more popular as they have increased their marketing presence on TV in the UK.



Many cable channels in th UK now run payday loans adverts from "Cash for Gold" companies and companies looking to offer quick cash loans in the form of payday loans.



18 months to 2 years ago our TV stations in the UK would have been full of loan companies offering finance. First Plus (owned by Barclays Bank) used to be a big player with Carol Vorderman fronting their adverts. During the economic crisis these banks could not lend and now the adverts have gone. Payday Loans, however, appear to have bucked the trend and adverts are appearing on television and in the local and national press.



Offering customers between 100 and 1000 UK pounds they offer a quick and easy borrowing solution and simply lend customers money until they next get paid.