Interbridge Mortgages launches second charge mortgages

17th May 2024 Consumer Lending | #lender

New second charge lender Interbridge Mortgages has announced its entry into the UK lending arena. The second charge specialist will provide secured loans in England, Scotland and Wales through a panel of specialist broker partners. Its market leading technology will provide a paperless application journey and this, supported by specialist underwriting expertise, will drive its…

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Lenders expect £788m rise in debt defaults

Lenders are expecting debt defaults to rise by nearly £788 million to over £19 billion this year, according to transaction analytics group Fuse. Analysis of the most recent financial statements of 20 of the UK’s largest lenders indicate that lenders are expecting losses to exceed £19bn compared to the Expected Credit Loss (ECL) in the…

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