Directly authorised advisers using TMA or Pink now have access to the broker’s online underwriting platform, which will instantly enable them to generate a range of tailored secured loan offers for their clients.
Richard Keen, head of intermediary development at The Loans Engine, said: “We are thrilled to be providing our secured loan services to one of the industry’s key players.
“It’s fantastic to see more and more mortgage clubs beginning to recognise the opportunities secured loan products can present and as a result, want to ensure their advisors have access to the widest choice of available product alternatives- not to mention additional revenue.
“This partnership marks a significant step forward in our plans to expand in the current market and we look forward to working with both TMA and Pink, and providing its members and their clients with a market leading service.”
David Copland, director of mortgage services, LSL Financial Services, added: “We are very happy to be working with The Loans Engine to offer their secured loans platform to our club members.
“With second charges coming under the remit of the FCA in April next year, I expect to see more mortgage brokers providing advice in the second charge market as an alternative to a remortgage or further advance.”
