The online service, a subsidiary of Thinc, will offer advice and comparisons of products. It will allow advisers and consumers access to a range of unregulated commercial and personal finance products and a support network of specialist advisers within Thinc.
The Commerce Centre will offer advice on business finance, secured second loan charge residential loans, and debt consolidation. The operation aims to simplify the decision-making process for businesses and consumers when searching for suitable financial products.
Neil Harkin, managing director of The Commerce Centre, said: “The Commerce Centre allows advisers to access independent information on a full range of unregulated products, so that they can assist their clients in new ways.
“When it comes to financial services, the client relationship is key and The Commerce Centre will enhance the service proposition intermediaries already offer by opening the door to a whole range of other product lines, including commercial and personal finance. It is accessible from anywhere and any mortgage adviser can tap into the system.”
Simon Chamberlain, chief executive of Thinc, added: “The development of The Commerce Centre is an exciting step and I am sure it will prove to be a big hit among our existing client base, along with intermediaries and professional connections across the length and breadth of the country.”
Melanie Bien, associate director at Savills, commented: “There is a wealth of information already out there in the marketplace, so it would really have to add value to attract intermediaries. Pulling all the information together makes everything easier, but it is essential that it is comprehensive or brokers will still have to go somewhere else for the
information.”
