V Loans has revealed it is one of a few secured loan packagers to have access to an exclusive new product, aimed at helping customers with current debt and credit problems and also clients who may need to raise a second charge on their buy-to-let property.

At up to 65% LTV, up to six months current mortgage arrears and unlimited CCJs and defaults will be considered.

The maximum gross loan amount is £30,000, while second charges on buy-to-let properties will be considered.

It is available to both the employed and self employed subject to income proof and can be used to repay IVAs (must be conducted satisfactorily) and bankruptcies.

Benefit income can be considered.

The lender has not been disclosed.

Marie Grundy, operations director at V Loans, said: “We are delighted to be able to offer these very attractive terms to our introducers. The new product fills a critical gap in the market