During the first four weeks of business, Link successfully completed on 75% of approved loan applications within 48 hours of receiving fully packaged cases.
Maeve Ward, head of sales at Link Loans, said: “It is crucial that we demonstrate to our intermediaries that we can deliver and provide the support they need to be successful. We are committed to combining this support with transparent terms and attractive rates.
“Secured loans are a great option for homeowners looking to access capital without dislodging existing mortgage commitments. This secured loan option is increasingly relevant as consumers continue to enjoy the benefits of base rate or SVR linked mortgages.
“In addition to the efficiency of our systems in completing client applications, we are also pleased to have demonstrated a flexible and common sense approach to the applications we have received. This has been refreshing to a number of our supporting brokers after a sustained period in which they faced considerable difficulty placing applications.”
Link Loans are available up to 75% LTV for employed and 70% LTV for self employed; rates start from 11.9%. Loan amounts are from £5,000 to £30,000 and loan terms are from three to 20 years. A fully functional online system is available to brokers, providing online credit agreements’ and a 24/7 case tracking facility. In addition, brokers can view FAQs and can have a live web chat with the sales/underwriting team. Link Loans products are distributed through a panel of specialist loan brokers.
