Second Finsec lender joins Knowledge Bank

“We are delighted to have partnered with Finsec, showcasing their full range of business and second load criteria on Knowledge Bank. “

The second specialized lender, Finsec, has added its criteria to the Knowledge Bank platform.

Knowledge Bank has complete criteria for over 250 lenders and has over 125,000 individual criteria.

Finsec provides instant loans to individual borrowers with non-standard or complex income and credit profiles, where the loans offered combined with the amount owed to their first mortgage lender do not exceed 70% of the value of their residential property or 65% on semi-commercial or buy-properties for rent.

Finsec provides second and third loans up to £ 150.00 with repayment terms of up to 15 years and also lends to small businesses that may have been turned down by traditional lenders.

Kevin Cooke, Managing Director of Finsec, said: “We are delighted to be able to join Knowledge Bank in bringing our specialty lending products to an even wider audience of professional brokers and intermediaries. Introducers who have experienced our service tell us they like our same day decision making, streamlined process (we can close a deal within 5 business days), flexible terms, early redemption fees minimal and instant commission payments as the reasons they use us.

Matthew Corker, Knowledge Bank COO, added: “We are delighted to have partnered with Finsec, showcasing their full range of secondary loads and business criteria on Knowledge Bank. Finsec’s common sense approach to lending coupled with non-automated decision making means they can consider cases that other lenders won’t and even cases that have been turned down elsewhere. We are sure they will be a popular addition to our system.

Rosalie M. Dehner