Instead, intermediaries must now submit any secured loans business via GHL Group – who have grown their team in anticipation of this increased demand.
GHL Group’s head of secured loans sales, Naz Licence, said: “We have developed a close relationship with Nemo. The secured loans team has been added to and their knowledge of Nemo's products, criteria and processes is proving to enhance both conversion rates and turnaround times. I am currently in negotiation with another leading secured loans provider who I hope to bring on board in the coming weeks to bolster our panel.”
Benefits in placing a secured loan case via GHL Group include guaranteed no cross selling (the client belongs to the broker), access to a wide range of products to cater for most circumstances and a market leading commissions and override structure.
Nemo offer full-status secured loan criteria for loan amounts up to £100,000 including:
- Low rates from 7.3% APR
- Up to 100% LTV
- Self-certification available
- Council discounts ignored
