Promise completes first loan with new mystery lender

With LTV’s 10% higher than its competitors, the exclusive second charge lender recently launched through Promise Solutions has made an impressive start

Steve Walker, the M.D. at Promise commented:

“We now have a significant number of applications in the pipeline and have been greatly impressed by the lenders appetite to make deals happen and keep the process simple by making common sense decisions and looking for short cuts.

"It’s a real breath of fresh air and our introducers are really feeling the benefit. Every loan we complete would be an outright rejection by any other master broker.

"This first application was affected by a significant down valuation and was declined by all other lenders in the market but completed within 12 working days of being switched to our new lender.

"This was aided by the lender being prepared tom accept many of the documents obtained for the original lender.

The introducer, David Maude of Sandhurst Associates said:

“Only Promise could have completed this loan so I am pleased for my client and pleased to be earning a commission which would not exist had I tried another master broker.

"It’s good to know that Promise have additional exclusive products for when an application doesn’t go as planned.

Walker added:

“We are not publishing the name on the lender until an offer is generated but introducers wanting to access these specific products can do so on our sourcing portal by searching for the lenders pseudonym of Independent Loans."