According to Marie Grundy, Operations Director at V Loans, borro offers introducers an additional lending resource at a time when conventional sources are unwilling or unable to help.
Marie said:
“There have been occasions over the past few years when we have run out of options for clients needing short-term funding in a hurry. Sometimes, it is simply a shortage of conventional sources willing to go beyond strict criteria on LTV or income.
"In other instances, it can be all about the need for a speedy resolution, where lenders simply cannot meet the clients’ needs quickly enough. With the borro proposition in place we are now able to offer a radically alternative source of funding.
"This will be of particular interest to clients of introducers who are asset rich but need funding quickly when personal or business cash flow is under pressure.”
Claire Gates, Managing Director at borro, commented:
"We are delighted to be part of the V Loans panel as a short-term lending solution to the clients of their supporting intermediaries. Their team has built up a wealth of experience in assisting intermediaries with their loan enquiries and we look forward to working with them."
