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![Quote](images/misc/quote_icon.png) Originally Posted by Saamee
The main attraction is that they will be offering Secured Loans.
My guess a lot of it will just be offering ther broking business second mortgages. Given the changes in banking rules, it could be very successful.
I need to investigate the guarantee a bit more - from memory, there is a fund set up but if that is used, they start taking an extra cut from investors. So not really a guarantee/insurance, just a buffer.
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