View more on these topics

Promise adds two lenders to panel

Promise Solutions has added two lenders to its sub-prime and self-cert secured loan panels.

Access to First European is available on an introducer basis or as a satellite packager.

The identity of the second lender remains confidential to Promise’s introducers.

The Promise Quote technology will allow brokers to source and fully quote the products of the lenders, plus Promise’s existing panel.

Steve Walker, managing director of Promise Solutions, says: “We’re pleased to be able to offer additional lenders and products to our brokers, especially as the market is so difficult at the moment.

“Having looked at the criteria offered by these lenders they appear to fill some crucial niches at the moment and I’m sure they will be well received by the brokers, networks and master loan brokers using the various versions of our system.

“Promise hope to be adding more lenders in the near future together with bridging, commercial and equity release products.”

Recommended

Insurer says senior CML heads should roll

Payment protection insurer Burgesses is calling for disciplinary action at the Council of Mortgage Lenders for ineffective lobbying to protect lenders.

Blow the whistle on dodgy brokers

Mortgage fraud is on the rise so brokers, lenders and BDMs need to work with the regulator to strengthen the industry’s defences and finger the guilty parties, says Sue Read

Burnett: what needs to happen for value to start performing again?

Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]

Newsletter

News and expert analysis straight to your inbox

Sign up