Paragon Personal Finance is the group’s second charge range which was launched in October last year following a five year absence from the secured loan market.
The panel expansion come five months after Vantage was granted full Consumer Credit Act (CCA) permissions by the Financial Conduct Authority (FCA) in March, a year ahead of the Mortgage Credit Directive deadline. New rules brought about by the directive effective from 21 Match 2016 dictate that firms carrying out second charge business, broking or lending, must obtain Consumer Credit permissions from the regulator.
Meanwhile, Promise Solutions has added Dudley Building Society to its panel. Steve Walker, managing director at Promise Solutions, said, “Dudley is a respected lender with some fantastic products and a great reputation for friendly customer service. Our experience in handling complex cases and extensive broker relationships mean we can help more customers to benefit from the Dudley’s offering.”