Until 14th April 2017, brokers who are signed up to Borro will qualify for this package and an enhanced commission of 5% of any completed loan amount.
The package includes step-by-step guides to help partners prospect for asset-backed cases, an assigned Borro staff member, mailshot support and website links for referrals.
- The year of the underwriter
- Regulation creates 'huge' opportunity for specialist lenders
- Borro completes £590,000 regulated loan in three days
Claire Barrington-Jones, director of sales at Borro, said: “Our new deal for partners will help them to spotlight clients who have a need for immediate funding with the minimum of paperwork and without the usual cumbersome and expensive need to engage solicitors and surveyors.
“Every broker should be aware of the opportunities for clients whose liquid resources are tied up, but have assets which can be used to secure a loan from us.
“We are usually able to release funds within 24 hours of assessing the asset value.
“With up to 80% of wealthy clients having suitable assets, this is an untapped market for many brokers.”
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