Master broker Norton Broker Services has added personal loan-focused peer-to-peer lender Lending Works to its panel.
Nick Harding, co-founder and chief executive at Lending Works, said the lender has already seen a rise in loan volumes in the two weeks since it was added to the panel.
He added: “The personal lending market is at an interesting juncture. Traditional lenders have been besieged by stricter regulations and have had to tighten up post-recession.
“It’s opened the door to more versatile and agile unsecured loan providers to challenge the classic high street institutions.”
Monique Furniss, Norton’s head of specialist lending, said: “We always strive to offer loans to the majority of clients and diversify what we can offer in terms of products and pricing.
“Lending Works offer an online application and the rates are competitive with the other lenders on our specialist panel – so we know the clients will be extremely happy with the offers and service.
“Their addition to our panel gives us more options for our customers in this ever-growing marketplace.”