GE pulls iGroup

[LoanMachine]

Tweet

Evening all,

I Group has been pulled from lending on 2nd charge business today - another frustrating day for the Secured Loans market. See: BestAdvice.net. Ho hum!

Cheers,

Chris
Payday Loans | Quick Loans | Today Loans
Word Bricks: Business Directory | Find Businesses Online

[brickblue]

Evening all,

I Group has been pulled from lending on 2nd charge business today - another frustrating day for the Secured Loans market. See: BestAdvice.net. Ho hum!

Cheers,

Chris
Payday Loans | Quick Loans | Today Loans
Word Bricks: Business Directory | Find Businesses Online

Its not a big surprise news anymore.By this summer the remaining second charge lenders are likely to pull themselves out of secured loan market

Certainly lenders can no longer take risk even gamble to finance in free falling equity value of property market as mortgage lenders already shedded their lending scale by 90% this January compared to previous year in 2008

The only news I am waiting to hear one of the biggest mortgage lender going bust in coming months