Trust guard has teamed with Future to launch a fixed-rate secured loan offering rates that targets prime-to-medium-adverse borrowers looking for a replacement to a remortgage.

Rates start from 7.89% and the product has limited distribution through five UK packagers, including Trust guard, and assesses lending eligibility via an online credit scoring system. It is available to 90%LTV and has options for employed and self-employed self-certification.

Chris Simm, head of second charge business at Trust guard, said brokers were finding it difficult to remortgage a lot of individuals with some adverse history and the product provided them with another secured loan option. He added: “It gives them another much-needed string to their bow at a time of restricted availability of appropriate mortgages.”

Source:http://www.mortgagesolutions-
online.com/public/showPage.html?page=688711