Brokers & Introducers
Secured Loans Park was established in 2005 by Steve Pollard to provide a superior secured loan packaging service to the smaller volume introducer market.
Having previously worked at the Broker Manager at Norton Finance for 8 years, Steve recognized that not all packagers afford introducers the same level of service, with many ditching the personal touch in favour of volumes, to be handled by their call centres.
At Secured Loans Park we offer a more personal level of service and pride ourselves on getting to know each introducer and delivering the same high quality service that you provide to your clients.
Not only that we also recognize that introducer are vitally important to our own business and as such deserve the same rewards on completion as we do. Thats why we split all commissions 50/50 on completion and pay our introducers immediately we receive our commission from each lender.
We have an extensive panel of secured lenders including plans from 6.9% for the cleanest clients, with provable income, to adverse plans to those with a bad credit history. We can also provide self certification loans for self employed clients with no proof of earnings:
- Secured loans to 85% LTV.
- Self employed secured loans to 85% LTV with accountants letter or bank statements to prove income.
- Self certification loans up to 65% LTV (no proof of earnings required)
- Bad credit secured loans to 75% LTV (including arrears, defaults and CCJ's).
- Ex-council still in discount
- Secured loans on buy to let properties ok (these are unregulated and can be arranged within days).
Our directors have over 50 years combined experience in packaging loan enquiries for our introducers and recognise the importance of your business. Our loan advisers are highly experienced with all lender's criteria and this multi-lender ability allows them to place your enquiries with the right lender from the outset. It also means that irrespective of the lender, your enquiry will remain with the same Loans Adviser giving you a regular and consistent point of contact. In our experience this is the only way a long-term relationship can develop.
We always ensure that you are kept fully updated on the progress of each application by providing you with a weekly report either by post or email whichever you prefer.
Secured Loans Park pay the highest commissions to our introducers and are happy to do so as we recognise the value of our introducer partnerships and want to ensure that you will use More4 loans for your secured loan enquiries over and over again.
All commissions & broker fees are split on a 50/50 basis less our costs for valuation & BSQ costs and our average commission to introducers is £1050 per completed case. Look at the following example to see how much you could earn from 1 loan completion:
|Total commission/broker fee received||£2550|
Less cost of valuation
|Less cost for mortgage reference||£100|
|50% TO US||£1150|
|50% TO YOU||£1150|
All loan commissions are paid to you the same day we receive the commission from lender and are paid by BACS or cheque whichever your prefer.
Secured Loan versus Remortgage
If your a mortgage broker and your core business is mortgages you may not be familiar with secured loans and the advantages they hold over a remortgage. Secured loans have many benefits and will prove to be a valuable addition to your product portfolio when you consider 'best advice'.
- Decisions made quickly and completions usually within 3 to 4 weeks.
- Max 1 months penalty interest plus 1 months notice on ALL secured loan amounts in accordance with Consumer Credit Act 1974.
- There is no legal process, so your clients do not need a solicitor.
- No up front fees whatsoever.
- Your clients avoid heavy redemption penalties by choosing a secured loan rather than a remortgage.
MORE reasons to use Secured Loans Park:
- It's easy to submit your secured loan enquiries - either by fax, email, phone or using our online application.
- You are assigned your own dedicated loans advisor providing a regular point of contact.
- We have secured loans to suit all circumstances, including bad credit secured loans and self-employed loans without proof of income.
- We GUARANTEE no clawback on commission.
- We GUARANTEE no cross-selling of other products. Any payment protection & life sales are left to you as have never sold any insurance products and never will.
- We provide a fast turnaround on all cases received and usually issue a secured loan offer to your clients within 24 hrs.
- We pay the highest loan commissions in the industry with our average commission to our loan agents being £1050 per completed case.
- Your commissions are paid as soon as we receive from our lender.
- We do not charge any up-front fees to your clients.
- There is no agency fee payable by you and no minimum loan volumes to achieve.
- We have an extensive panel of secured loan lenders.
- Specialists in bad credit and difficult to place enquiries.
- Secured loans are not covered by the Financial Services Authority.
If you're a mortgage broker, IFA or commercial finance broker you need to register as a loan introducer with Secured Loans Park now. Simply download & complete the online Introducer Agreement and submit to Secured Loans Park by fax, email or post. We then allocate a unique Agency ID reference number for you and we're in business!
Have a look what some our existing loan brokers have to say about Secured Loans Park in our testimonials.
For more information call More4 loans today on FREEPHONE 0800 0778956 or complete the contact form and we'll return your call.
Secured Loans Park, The Elms, Doncaster Road, Rotherham, South Yorkshire S65 1DY. Licensed credit broker (CCL 587104). Registered with the Informatioon Commissioners Offices Z1539600