Secured lender Nemo Personal Finance has launched new rates.

The new rates on loans from 75% LTV see a reduction in charging rate from 9.516% p.a to 8.68% p.a, while new rates on loans from 80%-85% LTV see a reduction in charging rate from 10.78% p.a to 9.97% p.a.

The product changes come following Nemo’s recruitment of three new business development managers, who are looking to build on Nemo’s relationships with brokers.

The lender claim to have improved referral turnaround times on day one request cases.

Jo Edwards, Nemo Personal Finance’s commercial director, said: “Nemo is a long-established brand that has continued to evolve over the last few years and we will continue to do this to grow our business. We want to be seen as a lender with an appetite to help customers and brokers access funds in a straightforward manner so that they are getting a fair outcome for them and their customers.

“The new directors, along with myself, are committed to growing the business, giving more customers access to our rates whilst maintaining excellent customer service.”