Promise Solutions has signed up up its first satellite packager for Equifinance.

Following the unveiling of specialist second charge lender Equifinance last this week, Promise Solutions, the secured loans master broker, has been appointed as a provider of a satellite packaging facility to loan brokers wishing to access Equifinance products.

Promise has now signed up the first satellite packager and says it has more in the pipeline. The packager has not been disclosed by Promise.

Equifinance offers finance to borrowers with heavy adverse credit or self-employed applicants who have difficulty providing accounts and bank statements to support their earnings. At 75% LTV Equifinance will also consider ex council property.

Steve Walker, managing director at Promise said “This lender is carefully controlling distribution. Promise can offer selected packagers access to this product enabling them to fully package the application (issue credit agreements