Evolution Money specialises in lending to people who may not have a perfect credit record. The Manchester company offers secured loans – often called second mortgages or second-charge loans – after detailed affordability checks and underwriting. It was founded in 2011 by Steve Brilus, 48, and Mathew Beaver, 36, following the crash in 2008 that wiped out most consumer lending including second-charge lenders. Brilus says the company’s anticipation of increasing regulation in the sector, together with growing consumer confidence in its products and falling interest rates, helped turnover reach £11m in 2015.
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