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Second charge broker relocates ahead of recruitment drive
The Grade II-listed building in Rotherham (pictured) boasts 1,150 sq ft of office space with the option for an additional 650 sq ft as the businesses expand.
The move follows an unprecedented level of loan applications and comes ahead of a period of expansion in which both companies will recruit a new head of unsecured lending and a number of additional underwriters.
Martin Stewart, director of London Money Loans, said: “We are still in our first year and the fact we need extra office space to expand the team shows we have correctly identified a gap in the market.
“We have worked hand in hand with mortgage brokers over the past year to help them understand how the second charge market has changed, how it can help their clients and successfully place applications.”
Although London Money is based in the capital, the new Rotherham office will act as a second charge processing centre for both businesses.
Scott Thorpe, director of both London Money Loans and Access 4 Finance, added: “We are targeting gradual growth with the emphasis on education.
“That means educating brokers on the benefits of a second charge but, as importantly, educating the industry, particularly lenders, on what mortgage brokers want.
“Only then can we find the key to unlock the huge, untapped potential of the second charge market.”
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