Trustguard is the third packager to be appointed to Mortgage Promotions’ secured and commercial panel and the mortgage club’s advisers will have access to its full range of secured, commercial and bridging products.
Trustguard has access to 14 lenders and provides secured loans from £10,000 to £250,000. Products are available up to 85 per cent loan-to-value for self-cert and commercial mortgages, with online submissions and case-tracking. In addition, Trustguard will provide e-mail updates and dedicated underwriters for the application who can be contacted directly.
Nick Baxter, managing director of Mortgage Promotions, commented: “We are delighted to be appointing Trustguard to our lending panel. It will be a very useful addition for our members who are experiencing rising levels of secured and commercial business from their clients.”
Chris Simm, head of second charge and commercial business at Trustguard, said: “We are able to bring considerable expertise to this area of the market and we trust that this will be of benefit to Mortgage Promotions’ membership. We feel very honoured to be appointed to its panel, given that it is the oldest mortgage club in the UK.”
Glenn Lewis, principal for Alexander Financial Services, commented: “I definitely think mortgage clubs and networks should offer more choice for intermediaries for self-cert and commercial deals. However, I haven’t had a good experience with packagers and think it complicates things.”
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