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Sesame launches new specialist lending panel

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The Sesame Network and PMS mortgage club are launching a specialist lending panel of nine  master brokers and packagers for their members.

The panel is 3mc, AToM, CFB UK, Enterprise Finance, Mortgages for Business, Positive Lending, Promise Solutions, TBMC and Vantage Finance.

The new panel gives advisers access to a range of second charge mortgages, residential and buy-to-let packagers, commercial mortgages and bridging loans.

The panel is being launched ahead of the start of the Mortgage Credit Directive on 21 March.

Sesame Bankhall Group head of lender relationships Jane Benjamin says: “We have seen a steady rise in demand for specialist lending solutions as firms look to cater for an increasingly diverse range of customer needs.

“Until now advisers have had to work across a wide range of different providers in order to access the products they need for their customers.”

Last month Sesame told its members that they could not call themselves independent from 21 March.

Sesame members must refer second charge business to its master brokers. However, Sesame said it is considering an alternative solution for firms with ‘independent’ in their names.

Just three networks will allow their members to advice on second charge and still call themselves independent.

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