This is a new role for the Society and will help with the aim of building and growing its intermediary business in the North.
Lifetime Mortgage Drawdown + allows customers to take out a minimum initial loan of £10,000 with further ad-hoc drawdown payments available from £1,500 – £70,000.
Members will be able to pay a top-up fee to be members of both organisations.
Charlotte Grimshaw (pictured), who is CeMAP qualified, is from a mutual background having previously spent eight years within the building society sector.
Research from iPipeline revealed a 23% decrease in new business year-on-year.
Steve Walker, managing director Promise, said: “”We have been working on this since last October and this is the first step to bring all of our services together under one brand and on a single website.”
There are currently an estimated 9.5 million people on the government support scheme which was designed to prevent large scale redundancies following the COVID-19 pandemic and national lockdown.
Credit Assess provides the adviser with full access to credit scores and reports, providing the consumer’s credit report and banking information securely within minutes.
The 2-year fixed rate JMSP is available at 2.95 % (5.2% APRC) with £500 cashback.
ARLA revealed that the average branch registered 79 new tenants per branch, compared to 70 on average in May.