New secured loan broker launches
Loan.co.uk, established by former GE Money Home Loans director Paul McGerrigan, pledges to offer customers a simple, fair and flexible approach to borrowing.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The online broker's website guides customers through the entire loan process in five steps and aims to be a key platform for the company in capturing a greater share of the secured loan market.
Loan.co.uk is based in Manchester and offers loans of between £5,000 and £1,000,000 from 5.29% APR.
Chief executive Paul McGerrigan said:
“Finding the right secured loan should be a straightforward experience that cuts out the red tape, jargon and avoids any hidden costs.
“Our continued focus will be to provide an exceptional level of customer service, supporting our customers from the first time we speak to them through to the end of the loan period and beyond.
“We are at a very exciting stage for the company. We have delivered Phase 1 of our website for launch but phases 2 and 3 are following along very quickly. We want to use the system to empower and educate customers.
“We will also work closely with the regulator to ensure that we deliver an ethical and fully-compliant service in an ever-changing regulatory landscape."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
FCA
FCA bans and fines adviser £100,000
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
