Mortgage Brain has partnered with Propp to support brokers with specialist finance referrals following a rise in demand for bridging and commercial loans.
Data from Propp, a specialist property finance comparison site, reveals that since April 2022 queries for bridging products have increased by 156% with requests for commercial products rising by 140%.
In response, Mortgage Brain, in partnership with Propp, has created a streamlined process for brokers sourcing unregulated bridging or commercial loans. Additionally, brokers who refer to Propp via Mortgage Brain will benefit from a procuration fee for every case completed.
Peter Williams, CEO of Propp, said: “We are delighted to have been given the opportunity to support Mortgage Brain’s network of brokers with specialist property finance referrals. Due to the current challenging mortgage market, brokers are looking at numerous ways they can generate an additional revenue stream and we believe that bridging and commercial finance could be the answer.
“The beauty of working with Propp is that we have the experts in place to find exactly the right deals delivered with first-class service, so brokers making referrals can rest assured that their clients are in the safest hands.”
Pollyanna Puddephat, head of marketing at Mortgage Brain, added: “We are really pleased to be able to partner with Propp to support those brokers who are branching out into unregulated lending. With consumer demand for such lending on the up, this could provide ambitious brokers with a stellar opportunity.”
