Opal Home Loans, the Essex-based mortgage packager, has appointed Commercial 1 in a move that makes the specialist Bromley-based brokerage its preferred partner for all secured loans, bridging and commercial finance.
Opal, a member of the Exclusive Connections panel,offers a wide range of near-prime, sub-prime, self-certification and buy-to-let plans.
The partnership with Commercial 1 means that they can expand their offering to brokers and include secured loans, commercial and bridging finance.
Glen Smith, marketing director at Opal, says: “The directors at Opal have many years experience in the packaging markets and we are firm believers that, in today’s climate, joint ventures are the way forward. Diversification is not on our agenda and we feel that it is best left to those with experience in the markets, which is why we have joined forces with Commercial 1 and will be referring all secured loan, bridging and commercial enquiries to them. This will ensure our brokers benefit from Commercial 1’s considerable expertise and experience in these markets.”
Danny Churchill, director at Commercial 1, adds: “Opal have a very strong business proposition and we are pleased to be able to add to this offering. We look forward to working with the team and helping their extensive network of brokers by offering the best deals and advice in secured loans, commercial and bridging finance. We too believe that joint ventures are the way forward and are very much focusing on expanding our network of partnerships.”