Loanable

Loanable, UK secured loan intermediary

Loanable operates as a trading style of My Secured Loan Ltd, a company registered in England and Wales with number 07679312 and an appointed representative of Premier Mortgages North West Limited, an entity authorised and regulated by the Financial Conduct Authority (FCA) with number 556587. Its activity focuses on the intermediation of secured loans using the home as collateral, aimed at homeowners seeking additional financing.

Homeowner loan products

Loanable's range covers several types of credit secured against the home:

• Secured loans for homeowners.
• Debt consolidation loans.
• Loans for people with a damaged credit history (loans for poor credit).
• Large loans for any purpose.
• Home improvement loans.
• Second charge mortgages.
• Bridging loans.

The firm presents itself as an intermediary with access to a wide selection of products from nearly every secured lender in the UK, with more than 400 products available according to its own data.

Qualified advice and application process

Loanable has CeMAP-qualified mortgage advisors who work with the client to identify the right solution for their situation. The process begins with an eligibility check which, according to the company, does not affect the applicant's credit score. From there, a personalised quote can be obtained or an appointment with an advisor can be booked.

The firm states it has funded £53,596,000 in loans over the last year and has more than 3,700 happy customers, as well as a Feefo service rating.

Regulatory warnings and risks

Loanable includes on its website the mandatory warnings from the UK regulator: before securing other debts against the home, the client should consider that it could increase the total amount to be repaid and that there is a risk of losing the home if payments on the mortgage or any other debt secured on it are not met. It also warns that consolidating existing debts may extend the terms and increase the total cost.

The company informs that calls may be recorded for training and monitoring purposes, and that it has an internal complaints handling procedure. If the client is not satisfied, they can refer the matter to the Financial Ombudsman Service.

Company details and contact

Loanable is a trading style of My Secured Loan Ltd, with its registered office at The Old Rectory, Rectory Lane, Winwick, Warrington, WA2 8LE. The company is registered in England and Wales with number 07679312 and operates under the supervision of the Financial Conduct Authority.

The Old Rectory, Rectory Lane, Winwick, Warrington, WA2 8LE