TFS Loans has launched TFS Money, a new direct-to-broker operation aimed at non-packaging brokers, IFAs and other professional introducers.

The new business is based in Cheshire and will provide introducers with processing and packaging services, electronic decisions, online case management and direct access to TFS Loans’ range of unsecured guarantor loan products.

It will operate with a separate management and staff, and will initially focus on guarantor loans although it says other products and services will be added in future.

There is no change to TFS Loans’ existing packaging operation, and this channel will continue to be served direct by the lender’s dedicated underwriting and operations team based at its head office in Leigh on Sea.

Ranjit Narwal, sales and marketing director of TFS Loans, said: “This is a natural step in our development and something which we have been planning for quite some time.