Secured loan provider First Plus is thought to be on the market, with owner Barclays Bank looking to net a return on the company.
Although the proposed sale of First Plus has not been made public, as far as is understood experts believe that it will be quite easy to find a buyer for what is a very viable business. In the UK secured loans are a popular option, especially for those homeowners wishing to consolidate all their outstanding debt into one manageable payment.
The team at First Plus, located close by a number of other secured loans companies, agree that the business is a thriving one and anticipate any purchase going through quickly. It is a brand that has always stood on its own and never really been marketed under the Barclays brand so it would be quite easy for someone else to come in and help it move on.