Norton Finance is pleased to announce a substantial new financing facility secured from Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB). The new facility will allow Norton Home Loans (part of the Norton Finance Group) to increase their existing 1st and 2nd charge lending and will also provide additional funding for further growth plans in the future. These plans include, the appointment of new packaging brokers, the development of new direct business from Intermediaries and initially the launch today of a new secured loan product range that provides:
- Loans up to £50,000
- Rates from 9.90% at 75% LTV’s
- Lender fees reduced on smaller loans
The increased lending and improved plans will still be combined with the unbeatable service levels and the friendly team of underwriters brokers have become used to.
Paul Stringer Director at Norton Finance said “We are delighted to have secured financial backing from RBS CIB which is a testament to the Norton Finance Group’s business model and its many years of success in the loans and mortgage market. The new funding puts us in a very strong position and will allow us take advantage of the predicted increase in lending in 2014”.
Nick Parkhouse, Senior Director – FI Structured Finance, RBS CIB, said: “We’re delighted to close this transaction with Norton and support them in their growth plans. The mortgage market is one RBS has good experience in lending to and we are especially pleased to work with a management team who have built such a successful business and to be assisting them in their next phase of growth.”
For more info about secured loans and homeowner loans, please visit: http://www.nortonfinance.co.uk
Company Name: Norton House
Contact Person: Jason Weakley
Email:Send Email
Phone: 01709 518 521
Address:Mansfield Road, Rotherham, South Yorkshire S60 2EB
Country: United Kingdom
Website: http://www.nortonfinance.co.uk/
Source: www.abnewswire.com
