Secured loans could fill interest-only void: V Loans

V Loans believes mortgage brokers should reconsider secured loans as a logical choice for clients needing to capital raise in the wake of moves by lenders to restrict access to interest-only products.

Dave Pinnington, V Loans’ business development director, said that the cutting back of the interest only payment option makes remortgaging much less appealing for customers and should increase interest in a stand alone solution for capital raising.

He said: “As more lenders either withdraw from or cut back interest-only payment options