Blemain Group Offer To Take On Secured Loan Applications
We reported last week on how GE Money home lending has stopped offering new loans to customers through its subsidiary companies, i group and First National.
The companies previously offered a range of loan products through intermediaries and loan brokers, from secured loans to homeowner loans, as well as offering non conforming and bad credit loans through the i group brand. GE Money home lending announced that it was to withdraw the i group loan products in early March, followed with the news just last week that First National was also closing its doors to new business, leaving loan brokers even fewer options to be able to source secured loans for their clients.
But now Blemain group, one of the few remaining secured loan companies, has said that it will be more than happy to consider any loan applications from brokers which have previously been sent to any of the GE Money group companies and not been completed in time before the products have been withdrawn.
Blemain group are able to offer secured loans through their own finance company as well as homeowner loans via Cheshire Mortgage Corporation. They are also equipped to look after a wide range of clients, from prime cases, to non standard and heavy bad credit loans as well as offering self certification products for self employed borrowers.
Gary Bailey of Blemain group said “We would be happy to consider any business from brokers who have been unable to submit their cases to First National in time and even if a case falls outside our standard criteria we will always take a view and work with brokers to try and find a solution.”
