Loans regulation predicted

The regulation of secured loans could be just around the corner, says loan packager Loanoptions.co.uk.

The secured loan packager believes brokers should brace themselves for more regulation rather than less in the future.

Andy Moody, managing director of Loanoptions.co.uk, says: “There is no doubt that there will be more regulation. The second charge market already comes under the Consumer Credit Act but the loans industry is ready, and if it