The company will also offer a 50/50 split on procuration fess for loans over £50,000 across its panel of 12 providers.
The in-house underwriter will join the secured loans team at Mortgage Times London head office in order to make the application process more efficient.
Payam Azadi, head of marketing at Mortgage Times Group, commented: “We are already the largest mortgage packager in the UK and we are aiming to mirror this model in our secured loans section. We have recently seen a surge in our secured loans applications and this is demonstrated by lenders such as Future joining us on-site in London. Brokers can either introduce business to our secured loans helpdesk or, alternatively, we will provide the service and they will receive the same fee and maintain ownership of the client.”
Ian Warrilow, head of secured lending for Future Mortgages, added: “The strategic partnership that we have forged with The Mortgage Times has proved to be extremely successful. We see this as an opportunity to significantly increase the number of secured loan applications we process, and the in-house underewriter will make the process smoother and more profitable for Future, The Mortgage Times and everyone involved in the deals.”
