Rachel Bancroft, managing director of KGB, said: “With the launch of KGB’s mortgage club,1st Source Direct, we now have our own 60 lender mortgage club panel offering competitive broker fees and a good range of exclusive products. KGB has an established 30-strong packaged lender panel that gives brokers access to PMPA’s exclusive products for packaged business. Submitting cases through an experienced and knowledgeable packager brings the benefits of accurate placement, speed and service, but we appreciate that brokers may also wish to submit cases direct to lenders, so KGB’s new mortgage club facility has been introduced as complementary to our established packaging service. The 1st Source Direct mortgage club facility will give added choice to brokers that wish to use a 'mix and match' approach to sourcing mortgage products.”
The service is free to all Financial Services Authority (FSA) regulated intermediaries and there is no minimum business requirement. Paper applications will carry a 1St Source Direct sticker and the club is established on all panel lender websites as a distributor choice for online cases.
Bancroft added: “Registration with the KGB/1st Source mortgage club is quick and easy via our website at www.kgbpackaging.com. KGB’s knowledge and experience in packaged lending means that we have the expertise to add value to brokers that want to follow the direct-to-lender submission route, and we are delighted to offer our mortgage club option to both existing and new broker partners.”
