The agreement comes at a time when demand for secured loan products is rising, and is a recognition that a client's borrowing needs often extend beyond residential first mortgages alone.
The new arrangement with Residential 1, will give Connect's introducers access to specialist advice in this growth area.
Tony Webster, chief executive officer at Connect, said: "Secured loans are becoming an important product for IFA's when offering 'best advice' therefore it is essential that we have this product offering in our range of services. Our extensive research shows that Residential 1 is clearly leading the way with its innovative IT solution, and we are delighted to be launching their services to our members."
Martin Gilsenan, Director at Residential 1, said: "We are delighted to be working with a company like Connect. It is the largest group of independent mortgage brokers in the UK, and we feel it is a like-minded company with an excellent reputation and track record for writing significant volumes of business. This exciting arrangement comes at an important point in our development, and allows us to work with Connect to extend its reach into the increasingly important secured loans sector."
Adam Henry, sales and marketing director at Money Partners, added: "As a key lending partner of Residential 1, we were delighted to learn of this progressive initiative. This insightful targeting of a major growth sector will prove to be a wise strategic move."
