Self-cert exodus prompts move to secured loans

V Loans, a secured loan intermediary, has seen telephone enquiries rocket to their highest point this year since Beacon Home Loans became the last provider to withdraw from the self-cert market. Enquiry levels are already running 50% higher than six months ago, according to the group. Over 65% of those enquiries came from brokers looking to raise capital and finding they cannot remortgage clients due to the lack of the right facilities. Dave Pinnington, business development director at V Loans, says: "As the number of mortgage lenders still specialising in these areas have cut back o...