Former GE Money Home Loans national sales director Paul McGerrigan has launched a digital second charge broker.
The Manchester-based company, called Loan.co.uk, sources loans of between £5,000 and £1m and the online proposition takes customers through a five-step process from application to payout.
Prior to starting Loan.co.uk, McGerrigan was the owner of Irish portfolio management firm Niche Financial Solutions. Between 2006 and 2009 he ran the brokerage Dreamloans.
From 2003 to 2006, McGerrigan was a national sales director at GE Money Home Loans, having previously been regional operations manager at lender First Nation.
He says: “Finding the right secured loan should be a straightforward experience that cuts out the red tape and avoids any hidden costs.”