The Loans Engine has partnered with mortgage clubs TMA and Pink to provide secured loans for their directly authorised brokers.
Directly Authorised advisers using TMA or Pink, both parts of the LSL Group. will now have access to the broker’s online underwriting platform.
Richard Keen, head of intermediary development at The Loans Engine, said he was “thrilled” by the arrangement.
“It’s fantastic to see more and more mortgage clubs beginning to recognise the opportunities secured loan products can present and as a result, want to ensure their advisors have access to the widest choice of available product alternatives- not to mention additional revenue,” he said.
“This partnership marks a significant step forward in our plans to expand in the current market and we look forward to working with both TMA and Pink, and providing its members and their clients with a market leading service.”
David Copland, director of mortgage services at LSL Financial Services, said: “We are very happy to be working with The Loans Engine to offer their secured loans platform to our club members.
“With second charges coming under the remit of the FCA in April next year, I expect to see more mortgage brokers providing advice in the second charge market as an alternative to a remortgage or further advance.”
