Blemain Finance has made changes across a range of its products, including the launch of its lowest ever rate loan.
Gary Bailey, director of Blemain Finance, said: “These are exciting times for us and as we enter a period of fast growth with our new additional £100m funding line, our plans will help brokers convert more enquiries, leading up to what everyone is expecting to be a promising 2014.
“We constantly listen to feedback from our brokers, and these improvements to our products are in direct response to this. They provide brokers with an excellent range of highly competitive loans for customers and business clients, enabling them to offer better rates and higher LTVs on several plans.”
The specialist lender is now offering second charge prime rates from 9.7%; in addition, there are reduced rates and increased LTVs on larger loans up to £500,000 with rates starting at 10.29%.
Following feedback from brokers and their clients, Blemain Finance has also reduced the minimum term for business loans from seven to four years, and lowered early repayment charges.
Bailey added: “With almost 40 years’ experience in the specialist lending sector we pride ourselves on being able to innovate and provide exceptional products and service to the benefit of brokers and customers alike.”
