Colonial Secured Loans is an experienced master broker which has operated in the secured loans market for over 12 years. TMA believes the appointment of Colonial will add an extra dimension to its secured loans offering for brokers looking for a closer, more personal contact with the decision makers in such a specialised field.
Colonial’s longevity in the market has ensured the development of strong long term relationships with a range of providers. Over this period of time Colonial Secured Loans has remained committed to providing a strictly business to business offering, specialising solely in secured loans.
This panel appointment is in addition to the existing Loanmakers offering which consists of an innovative IT system alongside dedicated staff, knowledge and expertise. TMA are also in the advanced stages of talks with another secured loans master broker in order to add even more choice to its secured loans offering.
TMA is constantly looking to extend its range of services and facilities to become a one-stop-shop for all brokers using the mortgage club in order to offer greater added value for all members.
Phil Whitehouse, Head of TMA, commented: “We are delighted to be able to add Colonial Secured Loans to our offering as its levels of service provide great value and efficiency for brokers looking for a master broker with a real affinity to their introducers and a high level of personal contact.
The secured loan market has suffered because of the credit crunch but there is no doubting that it remains an important area of the market consisting of many benefits that brokers need to be fully aware of.”
Mark Fry, managing director at Colonial Secured Loans, added: “At Colonial we are looking forward to working with Phil Whitehouse and establishing a close relationship with TMA members. With many of our lender’s cases manually underwritten, it is important that brokers use an experienced packager who has close working relationships with their lending panel. In these turbulent times there seems to be little ‘black and white’ underwriting and the value of these strong relationships must not be undervalued.
“There are many situations where a secured loan is undoubtedly the most appropriate option for a client looking to raise funds where they can’t further advance. Rather than remortgage and incur early redemption charges, it often makes sense to borrow by way of a secured loan and look at remortgaging at the end of their tie-in period. We are confident that an array of TMA members can benefit from our experience and expertise.”
