Loans Warehouse has announced that it has gained full authorisation from the FCA for regulated bridging activity.

The ability to operate in the regulated bridging market will allow the secured loan broker to increase its product range.

Loans Warehouse was the first brokerage to reopen its office for all staff to return to normal working in early May, and in recent weeks, the broker has also launched Open Banking through Credit Kudos, for better decisions within its personal loan division.
 
“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,” Loans Warehouse co-founder, Matt Tristram, commented.

“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.

“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.”

United Trust Bank commercial director – bridging, Gavin Diamond, added: “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.”

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