80 key introducers of second charge loan business to Y3S will attend the inaugural Y3S Cup at the Celtic Manor Resort, the 2010 Ryder Cup venue, next month.

Four lenders have shown their support by providing sponsorship for the event: Shawbrook Bank, Precise Mortgages, Blemain Finance and Masthaven Secured Loans will all feature on Y3S’s marketing materials over the coming weeks and will appear prominently at the venue on 6 June. Senior representatives and directors of each lender will also take part in the competition alongside mortgage brokers.

“There are few that would doubt the growing importance of mortgage brokers to the second charge market which is why the top lenders have got behind this event wholeheartedly,” said director Matt Cottle.

“Mortgage brokers increasingly hold second charge loan products in much higher esteem than they used to, because the products are often cheaper overall than a full remortgage. Our lenders want to talk with brokers about what’s happening at grass roots level.”

Maeve Ward, director at Shawbrook, said: “Shawbrook is delighted to be one of the lead sponsors at the Y3S golf day. Shawbrook is committed to support Y3S in their quest to help their increasing number of brokers maximise their business by proactive support, very efficient systems and superb service. We are sure the day will be a great success.”

Paul Brett, director of Masthaven Secured loans, said: “Y3S are recognised as the driving force in the broker-introduced secured loan industry. They are extremely supportive of Masthaven Secured Loans and all we do, therefore I am delighted that we will be sponsoring the Y3S golf day and know we will be guaranteed the unusual opportunity to network directly with Y3S’s top introducing brokers. We will be telling them about MSL’s flexibility and common sense approach to secured lending.”