Secured loan master broker Loans Warehouse is offering its help to brokers that have been caught out by lenders increasing rates and cutting agencies.
GE Money Home Lending has recently increased its rates and Prestige Finance has cut its agencies due to uncertainty in the marketplace.
Loans Warehouse is offering help to secured loan brokers that have been left with nowhere to place business.
Matt Tristram, managing director of Loans Warehouse, says: “We are extremely fortunate to be in the privileged position of still maintaining agencies with all major secured loan lenders including Prestige and would welcome working with any brokers who are struggling to place business in the current climate.
“Having launched not long before the onset of the credit crunch we are aware of how frustrating it can be to not have avenues for your business.
“We don’t offer gimmicks or incentives. What we do offer though is great service and high commissions to all our introducers and if we can help brokers get through the difficult times we would be happy to.”