21Finance launches specialist packager service

Published on

21Finance has unveiled a packager service dedicated to the broker market concentrating on whole of market specialist lending support.

It will package first and second charge mortgages, bridging and development finance.

Ranjit Narwal (pictured), 21Finance’s head of origination, said: “Our experience from talking to brokers is that they enjoy the support they get from packagers but find that when their packager of choice becomes too big, service standards can slip, and their clients suffer. 21Finance is the answer to the question we are often asked by introducers as to where they can go to receive the kind of comprehensive service that will always be scaled to be consistent in its support for brokers. We are convinced that many will benefit from utilising the skills of 21Finance as a first point of contact for their specialist lending needs.

“We have run a successful pilot scheme with brokers over the past twelve months and have built a stable of lenders across the specialist lending market. We are now ready to announce 21Finance to the whole market.

“With Consumer Duty now firmly established, we believe that brokers are going to be asked to justify their recommended choices and be scrutinised more closely than ever. Brokers are going to be hard pressed to complete the kind of due diligence on their lending choices that is going to be required from now on.

“21Finance is designed to facilitate the research process and provide hands on support for all brokers looking to ensure the best recommendations.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

REalyse reports 30% month-on-month growth as brokers and agents tap into AI tools

Proptech platform REalyse has reported a 30% month-on-month increase in agent sign-ups to its...

Cooling rental market signals shift in tenant behaviour as first-time buyers return

Tenant demand across Great Britain has dropped sharply, marking a significant turning point in...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Sellers cut prices as property market enters price-sensitive summer phase

Home sellers have reduced asking prices this month, signalling a shift in strategy as...

Latest opinions

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Other news

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Cooling rental market signals shift in tenant behaviour as first-time buyers return

Tenant demand across Great Britain has dropped sharply, marking a significant turning point in...

REalyse reports 30% month-on-month growth as brokers and agents tap into AI tools

Proptech platform REalyse has reported a 30% month-on-month increase in agent sign-ups to its...