The service, dubbed ‘TMP Packaging Services’ (TMP PS), is aimed at adding value to TMP’s broker members.
Advisers will be able to access a variety of non-conforming products and benefit from on-site underwriting at the point of administration.
TMP PS will also provide a website where brokers can submit enquiries, use the mortgage calculator to determine monthly payments, track cases and access information on products, criteria and proc fees.
Jason Chapman, head of business development at TMP, said: “We believe there are many instances when using a packager, particularly one with on-site underwriting and extensive lender backing, can get an even better result for a client and can save advisers valuable time, which can be devoted to securing additional revenue.
“We identified a need to team up with an established packager. The provision of speed, service, and technical know-how are prerequisites for any packaging business and Beacon’s ability to deliver on all of these made it the ideal choice.”
Jeremy Russ, head of compliance and marketing at Beacon Group, added: “TMP distributes in excess of £6 billion advised lending each year and we are extremely pleased to be working with it on this initiative.”
Sonny Joannou, IFA at Anand Associates, said: “Anything that streamlines the process is good for the intermediary. If it reduces cost, speeds up the process and works it will be welcomed.”
