As competition means lenders struggle to make significant profits, increasing numbers are eyeing up ...
As competition means lenders struggle to make significant profits, increasing numbers are eyeing up the sub-prime market as a potential earner. Birmingham Midshires leads the pack with an announcement outlining its intention to branch into the sub-prime market by the autumn. Experts suggest the product launched will reduce the interest rate of the loan each year over four years. Lee Smith, Birmingham Midshires head of communications, says the company sees a significant gap in the market and has "big plans" in this area, although he is reluctant to outline details of the proposed produ...
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