Promise Solutions offer brokers help with complex mortgages
Brokers introducing loans to Promise Solutions will now get advice and packaging services for their more difficult mortgage cases.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Steve Walker, Managing Director of the loan master broker commented:
“Our introducers regularly ask for help placing mortgage cases so we have joined forces with industry experts to provide the help our brokers need. Many brokers feel complex cases are more trouble than they are worth and a small percentage of their cases can take up a large proportion of their time.
"Our introducers now have the option to refer such cases to a Complex Mortgage Specialist who will take over the case completely and pay an average commission of over £1000.
“Some of the most common areas where brokers ask for assistance include, self employed with only one years accounts, historic adverse credit and missed mortgage payments, declined credit score, unsecured arrears and full consolidation mortgages. We expect this new service, combined with our secured loan expertise, will help brokers convert even more cases, especially when lenders seem to be making mortgages more difficult to place."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%