MT launches 60% commission for secured loans

The Mortgage Times Group has launched a 60% gross commission scheme for intermediaries offering its secured loans products across the whole of its secured loans panel.

The panel has been recently revamped and now consists of 15 lenders.

Applications are underwritten by the secured loans team located at Mortgage Times’ head office in London.

There will be daily updates and payment of proc fees on completion, as well as online decision in principle offered within an hour.

Mortgage Times has seen a 30% rise in second charge applications since the beginning of the year.

Payam Azadi, head of marketing at Mortgage Times, says: “Our secured loans division is thriving currently, and we feel that this deal will offer our members encouragement to offer these products from our extensive panel before the end of the year.

“The professional approach we offer in our first charge business is mirrored in our secured loans business, with an online submission form and online case tracking throughout.

We hope that this promotion will raise the profile of our offering even further to Mortgage Times Group brokers, and make them aware of the high commission benefits of such a lucrative offer.”