TMA marks addition of bridging firm to panel with increased commission for brokers

TMA marks addition of bridging firm to panel with increased commission for brokers




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The Mortgage Alliance (TMA) has announced that it will offer directly authorised intermediaries an exclusive opportunity to earn an additional £100 commission per completedcase to mark the addition of bridging loan company, Affirmative Finance, to its bridging proposition.

The affiliation with Affirmative Finance means that the TMA Bridging panel will now offer members access to a wider choice across this growing sector of the market. To further complement this offering, TMA will pay brokers an extra £100 commission when completing a case with Affirmative Finance through the mortgage club.

 

This offer is applicable to all applications placed from 1st May until 31st August 2009 that then go on to completion. TMA is free to join and this offer will be available to all directly authorised brokers provided they registered with Affirmative Finance through TMA.

 

In addition the first member to complete on three deals will also be eligible – under the terms and conditions of the agreements – to qualify for £1,000 worth of holiday vouchers.

 

Phil Whitehouse, head of TMA, commented: “The addition of Affirmative Finance to our bridging proposition is certainly a step forward in what is proving to be an increasingly important component of the market. The exclusive additional £100 commission fee makes this offering even more attractive and as TMA is free to join this is a no-brainer for any DA looking for a comprehensive bridging finance option.

 

“Affirmative is an established and highly regarded specialist in this sector. It encompasses great processes and has illustrated continued commitment to the intermediary sector. Like all our affiliations this link will provide genuine value and choice to our member’s offerings.”

 

Roger Morris, business development director at Affirmative, said: “This is yet another example of TMA demonstrating how well it understands the market and how it is prepared to assist its members in making the changes required to survive a tough time for the industry as a whole. Intermediaries cannot purely rely on a single source of income and with traditional lenders reducing their offerings in terms of criteria and imagination the addition of Affirmative to the panel could not be better timed.”  

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