Connect for Intermediaries has announced the addition of specialist brokers Fluent for Advisers and Lenderlink to its second charge panel.
Connect’s ‘Network Members’ will have access to a wider range of lenders and choices on how they want to access these lenders, as well as giving brokers the opportunity to refer second charge cases if they prefer.
Launched by the Specialist Mortgage Group in July 2018, Lenderlink will offer access to a panel of second charge lenders.
All Network Members will be registered automatically and able to use the system to carry out initial research solutions and create quotes. Applications can be submitted directly to the provider or the client can be referred to Lenderlink.
If the case is referred to Lenderlink, they will take on the responsibility for the advice to the client and charge the client a fee – which the client will know in advance.
Meanwhile, Fluent for Advisers has access to a huge product range and already arranges one in five loans in the UK. The fee structure is flexible with both the client fee and commissions agreed in advance.
What’s more, while Fluent for Advisers will take responsibility for the advisers, brokers and their clients are able to track the case all the way through to completion.
Liz Syms, chief executive officer of Connect for Intermediaries, said: “We are always looking to enhance our proposition for brokers, and by adding Lenderlink and Fluent for Advisers, not only are we opening up access to many more lenders, but we are also giving our Network Members the option of referring their second charge enquiries to the expertise of these providers.”
Jeff Davidson, head of intermediaries at Fluent for Advisers, said he believes Fluent for Advisers investment in technology, innovation, compliance – and its people – will be key to a successful relationship.
“Syms and her senior management team have built a hugely effective and respected business that caters for the widest range for advisers,” he added.
“We hope to provide Connect, its advisers and the end customer with an unparalleled level of service which cannot be matched anywhere within our industry.”
Connect Network Members will still have the option to use the Connect panel for direct submission to the lenders via the Connect Case Management Team, where the member will have responsibility for the advice and can control the client fee charged.
Syms concluded: “Each of the three options has its benefits. Lenderlink offers a simple and straightforward system for quotation and a high level of experience, while Connect’s own panel gives those who want to retain control of the advice the option to do so, and keep all the fees charged.”