Promise loan enquiries soar against last year

Promise Solutions, the Secured Loan and Debt Solution master broker has announced a doubling of secured loan enquiries against the same period last year.
Steve Walker, group managing director said: “Secured loans are definitely in the ascendancy and intermediaries are engaging in the loans sector more than ever before. At Promise we had a comparatively strong December and January has started in the same way with both month’s enquiry levels more than doubling those of a year ago.”
Walker said it Promise’s business model and volumes have stayed relatively constant so the figures really reflect what is going on in the market.
“And brokers have got back to business sooner. By January the 6th we had returned to Pre Christmas business levels and Monday 11th was the busiest day for two months,” he said.
With the launch of Link Loans in the next four weeks and another exclusive as yet unnamed lender also set to enter the market, Walker said loans placement should get easier.