Credit, Collections & Insolvency News
Loans Warehouse has announced that it has gained full authorisation from the Financial Conduct Authority (FCA) for Regulated Bridging activity.
The approval will enable the company to operate in the regulated bridging market and to further increase its product range and reinforce its reputation as one of the country’s innovative brokerages.
Matt Tristram, Co-Founder of Loans Warehouse, said “As a business, we have been diversifying our offering over the past few years as we look to build on our core proposition whilst meeting increased consumer demand for other products. “
“We’ve made no secret of our intention to secure Regulated Bridging Authorisation, having spoken about it since the start of 2019, and the time provided by lockdown and the resulting slowdown in lending has allowed us to meet that goal.
“We’ve moved into several new sectors over the past 18 months and the move into Regulated Bridging is just another example of our commitment to our customers and the industry during this difficult time.”
In recent weeks Loans Warehouse has also launched Open Banking through Credit Kudos for better decisions within their personal loan division.
Tristram added “Lockdown and the restrictions on physical valuations especially made the market almost impossible to lend for all but a handful of lenders but with house prices and demand remaining strong as we enter Q3 we are already seeing much stronger results.”
“Throughout this time one of the most prominent lenders and supporters of the broker market has been United Trust Bank. We’re delighted to announce them as the first addition to our regulated bridging panel.”
Gavin Diamond, Commercial Director – Bridging at UTB said “Loans Warehouse has built an excellent reputation as leading introducers in the secured loans and unregulated bridging market and I’m delighted that we’re now able to be the first to work with them directly on regulated bridging too. “
“They’ve been one of the most proactive brokers during the pandemic, which has strengthened our relationship even further. We look forward to working closely with them to provide quick, competitive, and flexible regulated bridging solutions.”
