Brightstar Financial is joining forces with a number of lenders to launch a series of specialist lending workshops.
With financial inclusion high on the FCA’s agenda, growing demand from borrowers with diverse circumstances and robo-advice providing a threat to some areas of intermediary business, Brightstar believes there has never been a better time for brokers to get involved with specialist lending.
The specialist distributor argues that, while some brokers are already active in the market, not all firms are equipped to offer dedicated in-house advice across a wide range of sectors, and so it has created two different workshops to help both types of business.
On Thursday 7 June, Brightstar is inviting brokers already involved with specialist lending to discuss their cases directly with specialists at the Brightstar clinic, meet a number of UK specialist lenders and learn new ways to upskill and diversify into additional lending areas.
A fortnight later, on Thursday 21 June, Brightstar is running a workshop for brokers who don’t currently have the time or knowledge to offer specialist solutions to their clients, with information on how they can increase their income potential by referring enquiries to an expert.
The workshops are taking place in partnership with Magellan Homeloans, InterBay Commercial, United Trust Bank, Pepper Money, Kensington and TML and will be held at Brightstar headquarters in Billericay, Essex.
Both workshops will cover specialist residential lending, complex buy-to-let, second charge mortgages, short term lending, commercial finance, and unsecured loans.
Michelle Westley, head of marketing at Brightstar Financial, said: “Financial inclusion is a key part of the vision the FCA announced last year and the regulator wants everyone to be able to access the financial products they need. For a growing number of borrowers, this means speaking to an adviser who can provide them with a specialist lending solution and, for brokers, it’s a great opportunity to build a robust income stream at a time when more mainstream business is under threat from automated advice processes.
“At Brightstar, our purpose is to support every broker in providing the right solution for their clients. For firms that take a more hands-on approach to specialist lending, we can provide the expertise to upskill and diversify and for firms whose core business model lies in other areas, we say – you don’t need to be an expert, you just need 60 seconds to talk to Brightstar.”