OMG intends to announce further branded lending arrangements in the near future.
The company said it aimed to provide competitive rates by sacrificing its own fee income. “By putting the extra fee we make back into the pot we can give the client a better deal, which of course reflects well on the broker. Oxygen meanwhile benefits from the greater business volumes,” commented David Matthews-Hillyard, managing partner of OMG.
Peter Beaumont, sales and marketing director of Mortgages plc, said:
“Branded lending works best for companies who have a good service proposition. The team at Oxygen are ideally placed to enter this sector of the market and we are delighted to be their first lender partner.”
