Portal Portfolio offers secured loans to all borrowers

14 March 2011 | By Natalie Thomas

Borrowers are however still welcome to invest in the pension element, which pays a rate of 4% net.

The provider says the loan offering is currently proving popular with both buy-to-let borrowers and professional people looking to borrow without affecting their existing preferential first mortgage rate.

Tim Moore, managing director of Portal Portfolio, says: “The Secured Loan and Pension attracted a great deal of interest and by originally structuring the product to include a pension we were able to launch the product without the need to rely on external investment.

“The success of the pension fund has now attracted new funding and this allows us to offer our loans to all credit worthy borrowers.”
 

 

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