UK loan and mortgage news from UK loan broker - More4 Loans.
26/06/2009 - Loan Options ceases trading.
Loan Options the secured loan packager has today announced that they are to cease trading. Andy Moody of Loan Options blamed the deterioration of the secured loan market for the decision. Andy Moody created a storm of controversy last year when Loan Options.co.uk closed its doors leaving over £370,000 of liabilities only ti re-emerge as Loan Options. This left a particularly bad taste in the mouths of many of their secured loan competitors and todays announcement will no doubt leave many with very little sympathy for them.
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