The Loans Engine (TLE) has launched a fully advised service for all specialist residential mortgage cases, which allows mortgage brokers throughout the UK to access its specialist residential mortgage panel and refer cases.
Following the referral, TLE where will take full responsibility for completing the fact find; sourcing; advice and recommendation; and then package the deal through to completion.
TLE’s specialist residential mortgage panel primarily assists mortgage intermediaries with cases declined by high street lenders due to adverse credit, low credit credit, an maximum borrowing age and income types.
Options are available for remortgages, purchase mortgages, Right To Buy, shared ownership and first-time buyers.
TLE will also continue to offer a packaging option for its range of specialist first charge mortgages, which includes lenders United Trust Bank and Together.
Ryan McGrath, chief executive at TLE, said: “At TLE we’re always listening and adapting our products and services to better suit our Mortgage Intermediaries.
“We have seen a 500% growth in demand for our specialist residential mortgage proposition over the past two years, and with mortgage intermediaries busier than ever, it made sense that we enhance our service and incorporate the full referral service for our brokers.
“We feel strongly that a key facet of being a true Specialist Finance Broker is providing the full service, including mortgage advice. That’s why we never dissuade or deter brokers from using our referral service.
“Some firms opt to charge additional ‘advice fees’ or lower the share of earnings paid to the intermediary – this is never the case with TLE. That approach will continue with this new service.
“We find the referral service is the favoured path for a large number of our intermediaries – on both our regulated and non-regulated products.
“Our fantastic reputation for great service, top level industry expertise, and a considered and thorough advice process using our in-house sourcing system, means our mortgage brokers trust us with their clients.
“What better way to further help them, than offer this comprehensive service on our in-demand specialist residential mortgage range.”