Loans Warehouse teams up with Portal Portfolio
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Loans Warehouse has added Portal Portfolio to its whole of market secured loan panel.
Loans Warehouse is the first secured loan specialist to launch the Portal Portfolio product to intermediaries as previously the product has only been available through mortgage packagers.
It offers secured loans for buy-to-let properties up to 80% LTV, which is 15% above the current market leader and rates start at 10.8% APR on both BTL and residential properties.
Matt Tristram, owner of Loans Warehouse, says: “Intermediaries rely on us to bring the best secured loan products to the market. Already this year we’ve added Jigsaw Money and Central Lending to our panel, but the addition of Portal Portfolio with market leading LTVs and rates on BTL properties is something new.”
Tim Moore, managing director of Portal Portfolio, says: “Loans Warehouse are a well respected and highly proactive organisation and we are delighted to be working with them. They are very switched on when it comes to providing niche customers with the best opportunities, and we are confident our BTL offer in particular is going to prove popular with Loans Warehouse’s customers.”
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Readers' comments (4)
Anonymous | 22 Feb 2011 1:34 pm
AGAIN NOT THE WHOLE TRUTH AS YOU MUST HAVE A PENSION POT TO GIVE TO PORTAL FOR THEM TO GIVE YOU A LOAN - WHY DO NONE OF THESE RELEASES TELL THE WHOLE STORY ?
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Bob Stark | 23 Feb 2011 10:03 am
That's no longer true, actually.
Portal Portfolio are now offering secured loans without the requirement for a pension.
The option to invest your pension at the same time is still there, but it is no longer a requirement.
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Matthew Tristram | 25 Feb 2011 3:48 pm
Just to confirm what Bob has already stated, Portal Portfolio secured loans do NOT require a pention pot, if they needed a pension pot we would have writen that...
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Anonymous | 25 Feb 2011 4:39 pm
I think you should ban the practice of allowing correspondents to post thier messages anonymously.
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