This is according to V Loans' business development director, Dave Pinnington, who is urging introducers to go back over recent rejected client loan enquiries because Nemo's new products could help.
V Loans, which recently celebrated its third birthday, has had Nemo on its lender panel since the company's inception. The lender has just announced a new range of products, including an 85% LTV product, which V Loans believes will have a dynamic effect on business volumes in the secured loan industry.
Dave Pinnington said: “This move by Nemo has, since we informed our introducers, already seen many coming back to us with cases which were at the time outside criteria anywhere in the industry. I would therefore urge brokers to get in touch with clients whom they were originally unable to help because of valuation difficulties or those requiring too high an LTV, because Nemo has put the real prospect of borrowing back in play for many more clients.”
