P1 to offer digital Lombard loans to advisers' clients

Loans will be available from £25,000 to £5m+

Sahar Nazir
clock • 1 min read

P1 Investment Services has signed deal with Firenze to offer digital Lombard loans to financial advisers and their clients via the P1 Platform.

The agreement allows clients to apply for loans backed by their general investment account, ISA account, and some third-party product accounts on the P1 Platform, and provides access to liquidity without having to sell investments. Lombard loans allow borrowers to retain control of their investment assets and any potential returns whilst still providing them with access to cash, when needed, the firm explained. The loans will be accessible from within the P1 App. Clients will be able to apply for a loan digitally, securing loans against one of their investment accounts. The loan wi...

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