SimplyBiz launches secured loans panel with Precise

Precise will offer its range of products directly to over 3,000 directly authorised advisers through the SimplyBiz Mortgage Club.

Martin Reynolds, CEO of SimplyBiz Mortgages said:

“We have been talking to the majority of the secured loan lenders for nearly a year during the build up to MCD as we believe that many of our members will prefer to submit direct to lenders, just as they do for first charge loans. We are delighted that Precise Mortgages is our first lender to launch on the panel and are sure its products will be well received.

"Precise Mortgages is just the first of a number of lenders we aim to launch with during this year. We will still continue to work with our preferred master brokers too, as we want to offer choice for member firms, as this is an important part of our proposition. I am also pleased to announce that  we have already received our first submission for a direct secured loan through the panel from Gates Financial Services, a long-standing SimplyBiz Mortgages member.”

Alan Cleary, Managing Director at Precise Mortgages, added:

“The fact Simply Biz Mortgages has chosen Precise Mortgages, as itsfirst lender to be appointed to the second charge lending panel, acknowledges that Precise Mortgages are the “home of specialist lending.

“The regulation of second charges by the same regulator signals one of the most significant opportunities for the directly authorised mortgage intermediary."