In the wake of news that more lenders are cutting their panels and only working with more limited panels of direct introducers, Loan Options is keen to talk to any companies wanting access to particular lenders but needing to structure their own particular level of involvement in the exact way that meets their business needs.
Andy Moody, Managing Director of Loan Options said, “At a time when opportunities to deal with lenders are becoming more limited, not every packager wants to sign up for a traditional satellite packaging agreement with all the restrictions that can entail, just to have access to a particular lender. Equally, many brokers have had no option but to lose control of a case because they have had to use a packager and seen no option if they want to get to a particular lender.”
“Therefore, what we are offering is to provide whatever level of service that a packager or broker might require. So for those packagers and brokers who have lost agencies, we can offer anything from a traditional satellite arrangement through to simply accepting a fully packaged case which we can assess and either pay for referencing and valuation fees ourselves or where the introducer can take those costs on in return for an enhanced fee deal. Whatever level of involvement the introducer wants means that the commission structure can be tailored around the needs of each individual business. So whether an introducer wants to simply send an enquiry and let us handle it through to completion, or packager introducers who want to make use not only of our agencies but also our administration infrastructure to build a low cost packaging business, we can accommodate them. We believe that today’s market requires the ultimate in flexibility and that is what Loan Options is now offering. This is an evolutionary step for the market and offers the ultimate bespoke service based on the individual needs of every intermediary. Loan Options is all about choice and this is the next evolutionary step up from traditional satellite arrangements.”
