Specialist finance packager Pink Pig Loans has rebranded to Truffle Specialist Finance. At the start of 2021, 100% of Pink Pig Loans’ shares were bought back by the management team and the business says the change of name is designed to move the firm onto its next level of development following the reacquisition.
Gross short-term lending by contributors to Bridging Trends data rose by 38% on an annual basis in 2021. The 12 specialist finance packagers reported £626.7bn in lending last year, compared to £455m in 2020. The average monthly interest rate dropped from 0.79% to 0.76% across the same time span, and the average LTV
The festive period is a time for reflection on what has - or hasn’t - transpired over the course of the year and making some kind of resolution/plans for the year ahead.