Homeowners trying to get an equity release from their bad credit loan may soon have another option thanks to Assureweb. The lender announced that they will be offering a new equity release program, but it is not yet clear how this will affect those with bad credit loans. While this segment does need assistance, lenders have been shying away from bad credit loans, even if payment histories on them have been good. Only time will tell as to whether Assureweb’s new offer will bring new opportunities to those with bad credit loans and a need to release their equity from their homes.
Assureweb chief executive Andrew Simon says: “This new Equity Release service complements other services Assureweb already offer advisors and is further evidence of our aim to provide advisors with a one-stop shop catering for all their needs.”
Ship director general Andrea Rozario says: “Ship is delighted to welcome Assureweb’s efforts to widen the availability to intermediaries of helpful information and sales support technology for the market-leading Equity Release products offered by our members. Ship has played a crucial part in helping to raise standards of delivery from the Equity Release sector.”
Tags: adverse, credit, loan, mortgage, self, cert, council, car, home, improvement, holiday, remortgage, tracker, fixed, rate, mortgages self, car, loan, credit, improvement, home, mortgage, mortgages, fixed, tracker
Related reading: Bad Credit Loan
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