900 lenders currently operating in UK, research reveals

There are currently around 900 lenders in the UK covering an array of finance options, according to research by Pitch 4 Finance.

The alternative sourcing system revealed that in the mortgage market alone there are 340 regulated mortgage lenders and administrators which provide their lending data to the FCA every quarter.

Not all lenders have to be regulated and there are also many in the bridging, commercial and business loans sectors are unregulated, bringing the total even higher. Pitch 4 Finance highlighted that the figure is also made up of UK and international private banks as well as foreign banks and financial services companies.

Pitch 4 Finance, which is a packaging and sourcing system for alternative property and business finance, has built up a database of more than 190 lenders. It consists not only of alternative lenders but also mainstream banks and building societies.

“We are used to dealing with difficult to place cases and our database of 190 lenders is usually enough to find a solution,” said Pitch 4 Finance CEO and founder, Miranda Khadr. “But having access to lenders who are not on anyone’s database is extremely useful. We can offer access to these lenders via our Pitch4 Research facility on our website.

“Some lenders do not want to be on sourcing systems often because their clients are HNWs. They operate on their reputation and word of mouth but if they specialise in certain areas these lenders may be willing to look at new cases.

“Our knowledge and experience within the alternative lending market means we know the quirks and risk appetites of many niche lenders and they are just a phone call away. This puts us in an excellent position to help our clients.”

    Share Story:

Recent Stories


Conveyancing Transformation
Adam Cadle talks to ULS technology CEO Jesper With-Fogstrup about making home moving a pleasant experience

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.