Mike Phelan, head of secured loans at Advantage, commented: “Nemo have introduced some exciting and competitive plans which further strengthen our existing Lender Panel. I am sure they will be well received by our introducers. Whilst Nemo are new to the market, their management team have significant experience in this area. We look forward to working with them and building a lasting and mutually profitable relationship”.
Sam Marshall, joint managing director at Nemo, added: “The senior management team at Nemo has considerable experience in both the lending and broking sectors of the market. Phil Jones (Joint Managing Director) and myself were founding Directors of Firstplus and over the last three years have been co-directors in LoanLink, a leading secured loan broker.
"This experience has helped us identify the product gaps that exist in our marketplace. We also understand the frustrations that a broker experiences in getting loans paid out and we have attempted to eliminate as much of these as we can by setting straightforward and common sense lending criteria.
"We have had a very positive reaction to our product range and approach since launching in early February and I am looking forward to working with and developing our relationship with Advantage and their introducers.”
