Loans Warehouse has received full authorisation from the Financial Conduct Authority (FCA) to conduct regulated bridging activity.
The organisation, typically known as a secured loan broker, has been looking to increase its presence in other market sectors – including unregulated bridging – over recent years.
Matt Tristram (pictured), 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.”
United Trust Bank (UTB) has been revealed as the first addition to Loans Warehouse’s regulated bridging panel.
Gavin Diamond, commercial director – bridging at UTB, 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.”