Gary Bailey, director of Blemain Finance, said the move was designed to offer greater value for its brokers, with secured loans a major channel for the mortgage industry to get involved in.
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He added: “The Promise system is user-friendly, has a high level of accuracy with an integrated credit search and the information provided at point-of-sale will ensure our brokers are more in control and have a greater flexibility in choosing the right product for their clients. Blemain has doubled business in the last six months through our innovation and commitment to brokers and we aim to continue the trend.”
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Steve Walker, managing director of Promise Finance, said: “We have received numerous requests to make Blemain available to intermediaries and we are now delighted to add it. Blemain is already well recognised in the sector and its inclusion can only support our claim to provide the best secured loan sourcing and processing solution in the market.”
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Steve Brockman, director of A2B Mtg Co Ltd, said: “For short-term borrowing, secured loans are an important part of the broker’s armoury. It’s all down to circumstances, as sometimes a secured loan is better than remortgaging. I can’t see any broker worth his salt not being interested in providing that facility.”
