Controversial self-cert lender suspends lending


Controversial new lender has suspended lending for three months, citing a “severe backlog” of consumer interest.

The lender launched on Monday, though its website crashed on Tuesday and has only relaunched today.

The new website says: “We have ceased taking new applications until further notice, this will be at least 3 months.

“We are currently working through a severe backlog of people that have registered an interest in these products.

“Although we started on Monday the 18th of January. People have been contacting us since reports of the products returning first appeared in Novermber 2015.”

The start-up is backed by private equity investors and is based in the Czech Republic.