Promise loan sourcing rises to 14 lenders with the addition of Dragonfly.

Steve Walker, Managing Director of Promise commented:

"Sourcing systems may not be for everyone but Promise provides by far the most accurate sourcing platform for introducers and incorporates the widest lender panel.

"Of course introducers who prefer to send us a DIP form or chat a deal through naturally get the benefit of the same wide panel and high commissions."

Elliot Hyames, Head of Sales at Dragonfly Property Finance, said:

“We are thrilled that our 2nd charge products have been added to the Promise sourcing system.

"This is a great tool for brokers who are looking for the innovative and bespoke second charge products. Having completed several large second charge loan transactions over the last 2 years for business purposes and to high net worth applicants, we hope to be able to add value and assist Promise Solutions in this restricted yet very lucrative market.”

Walker added:

“I have spoken to brokers and lenders, many of whom think there are still only 5 or 6 second charge lenders to choose from.

"This is simply not the case and introducing brokers will be missing income opportunities unless they reassess which master brokers they are using and ensure they are getting access to the right lenders, the best use of technology and the right commercial terms. Promise scores on all of these points."