Sesame Bankhall Group (SBG) has announced the appointment of Promise Solutions Ltd and Positive Lending (UK) Ltd as preferred providers of secured loans for the Sesame network and PMS members.

“Many of our members have turned to secured loans following the MMR changes and new affordability rules in the mainstream mortgage market,” explained John Cupis, managing director of mortgages at SBG.

“Having conducted a thorough review of this sector, we are delighted to be working with Promise Solutions and Positive Lending as preferred suppliers in this expanding area.”

Paul McGonigle, managing director of Positive Lending (UK) Ltd, said: “We are pleased to be working with SBG in enhancing their adviser and customer proposition in this fascinating sector. Their fantastic reputation in member value was a key driver for our business to align with theirs.

“We look forward to providing additional value to their distribution channels through our market experience and product diversification.”

Steve Walker, managing director of Promise Solutions, added: “With increasing regulation of the Consumer Credit Market, we are delighted to provide Sesame and PMS members with the cutting edge technology to source an indicative secured loan quotation from 20 lenders within 60 seconds, backed by a team of highly experienced underwriters and processers.

“In our opinion it is vital that intermediaries consider all options available to clients wishing to raise finance.”