Secured loan provider ready with more funds to lend

Portal Portfolio, a secured loan provider which launched the innovative Secured Loan and Pension last November, has attracted new funding and can now offer secured loans to all borrowers, having removed the pension element as a requirement.

Portal Portfolio’s programme has proved popular with pension investors looking for stable returns and is thereby creating a surplus, which can be used to fund loans to all borrowers.

Borrowers are still welcome to invest in the pension element, which pays 4% net, should they wish.

The secured personal loans are marketed via intermediaries and are available for loans from £10,000 to £75,000, secured on main residences or buy-to-let / investment properties.

Tim Moore, managing director of Portal Portfolio, said: “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.”
 
For further information, intermediaries should visit: www.portalportfolio.co.uk