"Whilst clearly we are saddened that our time at V Loans has come to an end, both Dave Pinnington and I are very proud to have served our loyal intermediary partners over the last 9 years"
V Loans says the decision comes on the back the implementation of the MCD earlier this year which has seen the second charge market undergo a significant transition.
Marie Grundy, Managing Director of V Loans, said: “Whilst clearly we are saddened that our time at V Loans has come to an end, both Dave Pinnington and I are very proud to have served our loyal intermediary partners over the last 9 years, during which we have developed excellent working relationships with an array of leading intermediary firms, networks and lending partners to offer high quality advisory and packaging services within the specialist lending market. We would like to thank all our partners and our staff, who have provided us with immense support over the years, and wish them all the best with their future endeavours."
In a statement, V Loans says it will now focus on working closely with its customers, introducers and lending partners to facilitate a smooth closedown of the business.
