Loan providers link to enhance support

Directly targeting secured loan practices, the union means that UNIFi members can access Promise's 'Promise Quote' sourcing system.

The automated online underwriting system offers an integrated credit search, providing brokers with accurate secured loan underwriting, unsecured loans, debt management and IVAs - plus packaging facilities where required.

Promise's managing director, Steve Walker, said that even thought the networks might be fundamentally regarded as competitors, the partnership will offer members 'the best of both.'

“There are many brokers who independently want either a secured loan technology solution or who need help and expertise in this area, and there is already significant interest to take advantage of the joint proposition," he said.

"It therefore makes absolute sense for Promise and UNIFi to work together in this area and, given the pedigree of both organisations, we feel we can offer a market-beating proposition.”