Lisa quite rightly points out that, as well as Blemain Finance, Simon Stern of Prestige Finance also provides an equitable charge plan for when consent is declined by the first charge lender, and completed its first such plan in January 2005.
Blemain Finance has been completing such charge types for well over a decade and to clarify, the point I was making when I said ‘Blemain Finance was the first to promote the equitable charge facility along with standard products’, was that Blemain Finance was the first to include the equitable charges on its standard criteria for intermediaries, rather than as a special plan on a referral basis.
I trust this clears up any confusion and thank you to Lisa for pointing this out.
Kind regards
Gary Bailey
Director
Blemain Finance
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