Second charge lender 1st Stop Home Loans has launched a packaging service option, so that brokers can now package their secured loan application for clients, before sending it to 1st Stop for processing.
Brokers can choose to either continue referring clients directly or maintaining control of the sales and packaging process.
The Blackpool based lender offers specialist products for customers requiring higher loan to value products and who have suffered from credit issues.
Fluent Money is the first master broker to take advantage of this service. Tim Wheeldon, its managing director, said: “We have worked with 1st Stop Home Loans for a while now and found that its products help us to assist a number of clients who ordinarily might find it difficult to source the funding they need. The service has always been excellent and I know the intermediary market will benefit from the 1st Stop proposition.”
Alex Mollart, chief executive of 1st Stop Group, added: “Giving our introducer partners choice is very important to us and this new service builds on our recent technological advances in offering online, instant decisions for our specialist products.”