Impact Specialist Finance has launched a new referral service to manage regulated and non-regulated referrals for its broker partners.

The new service will manage referrals on bridging, commercial, later life lending – which includes equity release – specialist residential, BTL and other areas of the specialist lending market.

The mortgage broker aims to offer partners, as well as their clients, easier access to specialist advice on cases that could potentially be time consuming, perhaps require expertise outside of their core business, or where they don’t have the necessary permissions in place.

A dedicated team has been set up within Impact Specialist Finance to deal with enquiries and to manage cases – from application to completion.

Impact Specialist Finance managing director, Dale Jannels, commented: “Intermediaries cannot be expected to be experts in all areas of the mortgage market, especially when it comes to some of the more niche areas of specialist lending.

“These are often complex transactions which require speed, specialist knowledge and established relationships in order to find the right solutions to match individual client needs.”

The new service will allow Impact Specialist Finance to deal with the client directly, covering all compliance and regulatory needs. In return, a percentage payment of the lenders normal recommended procuration fee will be paid to the introducer, and they will be kept updated throughout the process.

“Those intermediaries who don’t have referral relationships in place could be missing out on valuable revenue streams, and potentially closing the door on some alternative lending solutions for their clients,” Jannels added. “Not to mention passing over the admin burden, which will allow them to concentrate on other revenue generating activities which they are more familiar with.”

Impact Specialist Finance guarantees that it will not cross-sell, either now or in the future, to any clients referred to the firm for mortgage advice.

Share Story: