Promise to help with complex cases

Published on

Promise Solutions is to offer advice and packaging services for brokers with their more difficult mortgage cases.

This, the distributor says, will include a full advisory and processing service which allows brokers to hand over the entire case and still earn an average of £1000 plus still sell their own protection products.

Steve Walker, managing director of Promise Solutions, said: “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.”

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

Time Finance strengthens South East presence with senior hire

Time Finance has expanded its reach across London and the South East with the...

Newcastle for Intermediaries cuts mortgage rates

Newcastle for Intermediaries has cut rates across its residential mortgage range, reducing pricing by...

Peace of mind matters more than price in home insurance, research finds

A new study by general insurance provider Paymentshield has found that nearly half of...

Mortgage applications rise as lenders drive competition, says Stonebridge

Mortgage applications rose 7% year-on-year in October as borrowers continued to respond to falling...

Brokers report surge in limited company buy-to-let demand

Three-quarters of brokers have seen growing demand for limited company buy-to-let products over the...

Latest publication

Other news

Time Finance strengthens South East presence with senior hire

Time Finance has expanded its reach across London and the South East with the...

Newcastle for Intermediaries cuts mortgage rates

Newcastle for Intermediaries has cut rates across its residential mortgage range, reducing pricing by...

Peace of mind matters more than price in home insurance, research finds

A new study by general insurance provider Paymentshield has found that nearly half of...