Mixed Messages Of The Secured Loan Lenders and Unsecured Loan Lenders.

Never has there been a time when there are so many mixed signals being given out by loan and secured loan lenders. It has just been announced by Blackhorse that they are introducing a secured loan product for the self employed applicant at 80% LTV. This is a vast improvement on the 65% LTV that came about at the beginning of the current credit crisis. There is however no self certified income allowed on this secured loan plan. Prior to the credit crunch there was a self certified income plan.This news from Blackhorse was very much welcomed by the loan and secured loan broker. Almost on the heels of this good news came the opposite kind of news from RBS who have just announced the withdrawal of their unsecured loan product from the broker market. This was a good niche product with an interest rat of about 8% APR. It was a homeowner loan only although it was unsecured. Both these loan types from Blackhorse and RBS could be used for a variety of purposes including being used as a debt consolidation loan.It looks as if the lot of the poor hard pressed loan and secured loan broker is set to continue to have it's ups and certainly to continue to have it's down