The Secured Loan club offers brokers services to compliantly arrange secured loans and has been launched in preparation for the forthcoming regulatory change.
Steve Walker, managing director at Promise, said: “Through the Secured Loan Club we are committed to offering introducers the best all round secured loan package.
“Having the best selection of lenders is key to this but giving brokers the tools to deal with loans in the manner future regulators will require is even more important.”
He added that in the next few days Firmus would be added to Lenderquote, enabling the market to compare their products.
The products range from near prime to medium heavy adverse with up to 70% loan to value.
Zena Campbell, chief operating officer of Firmus Secured Loans, who will be heading the proposition, said: “I am confident our products will prove to be a valuable addition to their range and will boost completions for their introducers.”
Firmus Secured Loans specialises in non-conforming secured lending and can assist customers who have experienced financial problems.