Product changes
UK specialist lender Exclusive Loan Service (“Exclusive Loan Service”) has announced new rates for its product range as well as a number of improvements to its lending criteria.
Highlights include:
- Rate reduction on most products
- Fixed rates extended to 5 years and available at no extra cost to the customer
The new rate reductions will take effect on new loan applications initiated on or after 30 May 2017.
Exclusive Loan Service continues with its well acknowledged, flexible and pragmatic approach to underwriting. We seek to deliver a best in class turnaround time for even the most complicated loan inquiries offering quick and reliable answers for customers.
Martin Porter, Head of Lending says: “While some of our competitors are constantly changing criteria and lending terms we try to remain as consistent as we can with a few carefully considered improvements, which means our introducers really know what we’ll do and what we’re good at”.
“We think with interest rates at an all-time historic low, taking a longer or lower fixed rate offers a compelling choice to customers.”
For those that prefer a variable rate, that option is also available with rate reductions.
Please contact Exclusive Loan Service for more information regarding our latest product offerings.
New team hires
Exclusive Loan Service is also pleased to announce that Terry Young has been appointed as BDM for the South of England. Terry has worked in financial services for over 20 years’ and held senior positions with distributors, lenders and technology companies.
Steve Khan, Head of Commercial Development, commented: “It’s great to be working with Terry having known him in the industry. He comes with a great reputation and broad market experience.”
In addition, Joe Kite and Sylwia Fert have also joined the company in the Underwriting Department and Loan Administration Department, respectively.
Martin Porter, Head of Lending added: “Joe and Sylvia are further new additions to our team as the business continues to grow with its new initiatives. We expect more recruits in the near future as a part of our strategic growth and company expansion.”
Any general questions or enquiries should be directed to Martin Porter at 01483 661 103.