Loan packagers using Promise to gain access to Equifinance’s products will now get to retain 100% of the fees.
Steve Walker, managing director of Promise Solutions, said: “Equifinance’s recent changes make its product even more attractive. It will accept loans which others can’t do.
“It is the only lender which will consider heavy adverse up to 75% loan to value and doesn’t unduly penalise borrowers in lower value properties, ex council houses or those offering semi commercial properties as security.
Kevin Cooke, managing director of Equifinance, said: “Since launching last year we have experienced tremendous success and are pleased with the performance of the loans we have funded.
“Whilst we have accepted some cases up to £20,000 by exception we are now pleased to make larger loans a feature of our product range and available to all introducers.”
