Loan.co.uk

Loan.co.uk to expand three offices after doubling team




Loan.co.uk has revealed that it is looking to expand three of its offices in Q1 2019 after doubling the size of its team.

The specialist finance broker also added two further locations to the business in 2018, taking it to eight offices in the UK.

The company currently has offices in Cardiff, Bath, Bournemouth, Belfast, Manchester, Hertford, Watford and Southend.

Speaking exclusively to Bridging & Commercial, Paul McGerrigan, CEO at Loan.co.uk (pictured above), said that 2018 had been a positive year for the business.

“We have integrated with over 100 loan and mortgage lenders in all verticals, while growing our business volumes and building the infrastructure we need for 2019 and beyond.

“Infrastructure is really important for us as we increase the size of the business and as a result we have grown all of our support functions with very experienced and qualified people.

“For example, our training team is now up to four.”

Looking at how it hopes to expand in 2019, Paul added: “Three out of the eight locations have out grown their current offices, so we are focused on getting them moved into larger ones in Q1. 

“We will also look to open further locations as the right opportunities arise.

“In terms of products, bridging and development finance in particular are areas we are looking to grow along with our specialist mortgage proposition.”

In December 2016, Loan.co.uk took a controlling stake in specialist bridging broker Only Bridging.

Paul said that Loan.co.uk had seen a significant growth across bridging and commercial lending and was well positioned to continue to grow these product areas.

“From a standing start six months ago, our specialist mortgage proposition is also growing well.

“As with our other products, we have hired experts in this area to ensure the service we provide is at the right level of quality for our customers and advisers.”

Paul added that the company was looking for more people in all areas of the business to help it with its growth plans.

“We are particularly focused on bridging advisers to add to our teams, or even open new offices.

“We are growing our application numbers month-on-month as we expand existing marketing channels and open new marketing ones with our partners, so we need to keep up with talented people.

“We have targeted a number of new and innovative lenders to add to our panel and have some exciting new products in the pipe[line] which will soon be available.”

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