Swift launches summer bonus

Swift Advances has launched a summer bonus for intermediaries with an additional 1% being paid on completed unregulated secured loan cases until the end of July.

The additional 1% commission is payable on all non Consumer Credit Act second charges signed up and completed by July 31.

All intermediaries need to do is send their fully packaged cases to the Swift underwriters in the usual way and the extra 1% will be paid on completion.

John Webster, chief executive of Swift Group, says: “At a time of rising interest rates we realise that intermediaries may have to work a bit harder on their marketing spend to win new business.

“We hope this additional fee along with our decision to hold our new business rates for the time being will help all of our introducers have a terrific start to the summer.”

Paul McGerrigan, director at Dream Mortgages, says “This is a great promotion that will really kick-start a good summer of business.

“One of the many things I like about Swift is that they are proactive in offering initiatives such as this.

“With many other lenders, brokers are forced to take the lead in developing promotions or simply made to feel as though they should go cap in had to ask for extra support. I think that this promotion will be a winner for Swift and brokers alike.”