Promise for extra commission on large secured loans

Promise Solutions says it is paying introducers an extra £300 on larger loan referrals this month.

The master broker explains that during May, on loans over £35,000 brokers will earn an extra £150 and over £50,000 they will earn an extra £300.

Steve Walker, managing director of Promise, said: “We are seeing a lot more large loans at the moment, particularly between £60000 and £100000. We have a number of lenders with an appetite for this business and are offering rates from 6.9%.

“Large loans are available to self employed, applicants aged over 70, and for clients with historic adverse or requiring interest only.

“Our brokers wanted a simple incentive and commented that they were not interested in vouchers or gifts which were dependant on completing a certain number of cases in a given period. So we decided to make it simple and give them extra cash.

“The offer is only available to brokers directly registered with Promise. If the enquiry is submitted to us in May and a normal packaging fee is charged, the broker will get the additional bonus when the case pays out – irrespective of when the completion happens.”