Promise Solutions is to offer advice and packaging services for brokers with their more difficult mortgage cases.
This, the distributor says, will include a full advisory and processing service which allows brokers to hand over the entire case and still earn an average of £1000 plus still sell their own protection products.
Steve Walker, managing director of Promise Solutions, said: “Our introducers regularly ask for help placing mortgage cases so we have joined forces with industry experts to provide the help our brokers need. Many brokers feel complex cases are more trouble than they are worth and a small percentage of their cases can take up a large proportion of their time.
“Our introducers now have the option to refer such cases to a complex mortgage specialist who will take over the case completely and pay an average commission of over £1000.
“Some of the most common areas where brokers ask for assistance include, self employed with only one years accounts, historic adverse credit and missed mortgage payments, declined credit score, unsecured arrears and full consolidation mortgages.
“We expect this new service, combined with our secured loan expertise, will help brokers convert even more cases, especially when lenders seem to be making mortgages more difficult to place.”