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Loans Warehouse launches unsecured portal

Loans Warehouse has launched an unsecured portal, available to all financial professionals in the UK.

The portal offers brokers access to a number of unsecured lenders in the UK, with loans ranging from £500 to £25,000.

Matt Tristram, director of Loans Warehouse, says: “With house prices continuing to fall and secured lenders restricting equity further, unsecured finance is becoming an essential option for any broker.

“We believe our portal offers a straightforward unsecured option to all finance professionals -any broker in the UK can now say they have access to unsecured loans.”

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The FSA will not make any decisions on the mortgage industry for six months but fine tuning of LTVs and income multiples is certainly on the agenda.