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News

Shared ownership does not have to be a barrier to a secured loan

Kerry is a young professional from London who worked hard to get herself on the property ladder and secured herself a two-bedroom maisonette in the heart of London. She acquired the property utilising one of her local Housing Association schemes and purchased 70% equity of her home. Three years later, Kerry had accumulated significant credit card debt following a program of home improvements. She found herself juggling minimum repayments and making little inroad into the debt. She needed a £25,000 debt consolidation loan to combine her monthly outgoings into one comfortable monthly repayment to improve cash flow. She could then …

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1st Stop Group (1SG) announces an increase in its Citibank funding facility to £150m

1SG has announced that one of its funders, Citibank, has agreed to increase its existing facility, doubling the amount available from £75m to £150m. The increase reaffirms Citibank’s support for 1SG and the near prime specialist finance sector and means that alongside its other funders, 1SG now has total debt facilities in excess of £225m. The extended facility will be used to fund 1SG’s consumer lending product range which includes car finance loans, secured second charge mortgages and unsecured personal loans. It will enable 1SG to continue its exciting growth trajectory having seen its loan book pass £150m last month, …

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1st Stop take on the Three Peaks Challenge

In August a team from 1st Stop Car Finance will be tackling Ben Nevis, Scarfell Pike and Snowdon to raise money for MIND – The Mental Health Charity. Mental Health has become a huge topic over the past year as it is recorded that it is one the biggest killers of men under the age of 45. Figures suggest that 1 in 4 of us will experience a mental health issue in the UK within a year with only 25% receiving treatment. If you would like to support the team in this great cause you can donate directly to their …

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1st Stop increases its maximum loan amount for 2nd Charge in Northern Ireland to £35k

Homeowners in Northern Ireland can now take out a second charge secured loan of up to £35k, with specialist loan provider, 1st Stop Home Loans. The other great benefits of a 1st Stop secured loan still remain including no first mortgage consent application required up to £35k and only 1 month’s mortgage history required. 1st Stop Group offer a range of loan products including personal loans, homeowner loans and car finance to those customers who are looking for an alternative to a high street lender. Commenting on the decision to make this change, Head of Sales, Nigel Brookes said: “This …

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1st Stop Group announces its loan book has passed the £150 million mark on its second anniversary since equity investment from Pollen Street Capital.

On the second anniversary of a significant investment by Pollen Street, 1st Stop Group Limited, the specialist consumer lender, is delighted to announce it has passed £150 million of outstanding loans. 1st Stop Group reaches this milestone having undergone significant growth across its secured lending, car finance and personal loan products, lending £100m in the last twelve months. This growth has been driven by its detailed understanding and experience of its markets and through a focus on near prime consumers who are underserved by the larger mainstream competitors. Commenting, Alex Mollart, Founder and Chief Executive of 1st Stop Group, said: “We …

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1st Stop CEO is nominated for prestigious Entrepreneur of the Year Award

1st Stop Group CEO Alex Mollart is a North Region finalist for the EY Entrepreneur of the Year Award in the ‘Scale Up’ category, which recognises today’s most exciting established entrepreneurs who have experienced a significant step change in growth or seen their business take off in recent years. The award will be presented to a purpose-driven entrepreneur who can demonstrate strong growth in revenue, sales, market share, headcount or expansion in recent times. 1st Stop Group offer a range of loan products including personal loans, homeowner loans and car finance to those customers who are looking for an alternative …

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Consumer Finance Lender Completes £120 Million of Funding Lines

1st Stop Group Limited, the specialist consumer lender, is delighted to announce the completion of £120 million of funding facilities to support the group’s objective of becoming a leading consumer finance brand in the UK.   Since investment by Pollen Street Capital in 2016, 1st Stop Group has undergone significant growth across its Secured Lending, Car Finance, Personal Loan and Home Improvement products. This growth has been driven by its detailed understanding and experience of the near prime segments of its chosen markets.   A new £75m securitisation facility was secured from Citi, alongside increased balance sheet funding provided by existing funders. …

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Exciting news from 1st Stop

1st Stop Group Limited, the specialist consumer lender, is delighted to announce a significant investment by Pollen Street Capital. Since its establishment as a lender in 2009 , 1st Stop Group, which has offices in Blackpool and Durham, has undergone significant growth across its Secured Lending, Car Finance, Personal Loan and Home Improvement Products. This has been driven by its detailed understanding and experience of the near prime segments of its chosen markets. The investment by Pollen Street Capital will allow 1st Stop Group to continue to develop and grow its lending book whilst also investing in the infrastructure and …

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1st Stop provides exemplary service with unsecured offering

After being highly commended from the Financial Awards for Best Unsecured Lender, 1st Stop are on the up with their positive customer feedback and exemplary customer service. This week 1st Stop customer, Mr. V H has managed to secure a £7,500 personal loan with a low interest rate resulting in a very satisfying outcome. Mr H was able to use the online self-service application to apply for the loan and was then guided through the process by our friendly team. Mr H said “I am really impressed and blown away with how straightforward and fast the loan process was” with …

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1st Stop Home Loans Launch Packaging Service

We have successfully launched a packaging service option so that brokers can now package their secured loan application for clients before sending it to 1st Stop for processing. This new offering provides greater choice to the broker by either continuing to refer clients directly or maintaining complete control of the sales and packaging process. We have been established for over 10 years and offer specialist products for customers requiring higher loan to value products who have suffered from credit issues. Fluent Money is the first master broker to take advantage of this service and has enjoyed a significant uplift in sales …

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