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Do you expect to see less or more second charge mortgage lenders in 2018?

Exclusive: Kevin Cooke launches new secured lender

Loan Talk can exclusively reveal that Kevin Cooke, the founder of Equifinance, has launched a new secured loan lender called Finsec Limited.

Kevin, who left Equifinance a month ago, to “work on the launch of an innovative new venture focusing on the specialist second charge loans market”, has teamed up with investors to bring together a number of secured loan portfolios into Finsec Limited.

Apart from providing a service for lenders with existing portfolios, wishing to be ready for regulation, Finsec will bring a new secured lending product to market during October and with fresh investment backing will increase lending over the next few months.

Kevin Cooke commented. “I am delighted to announce the launch of Finsec, which will bring further choice to intermediaries and their clients. The secured loan market is evolving and with regulation round the corner next year, we all need to be ready. In putting together the new company, we are looking to offer our expertise to those with loan portfolios to help them prepare for significant change. On the new business side, anyone who has dealt with me in the past, will know that our product launch will not only be worth waiting for and will also provide further evidence that the secured loan market is becoming a dynamic and exciting sector in which to be working.”

Further details about the new product criteria and initial distribution strategy will be announced on the 1st October.
By Jason McGee-Abe


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