Connect for Intermediaries has joined up with DotBroker to provide an unsecured loan service for its members.
DotBroker has created a bespoke online portal for Connect’s 100+ Appointed Representatives to source, quote and apply for unsecured loan options on behalf of their clients from a panel of providers based on their credit profile, status and requirements.
Ranging from £1,000-£25,000 funds can be accessed by approved applicants for a variety or purposes, with brokers able to manage the whole process online.
Liz Syms (pictured), CEO of Connect for Intermediaries, said: “I am delighted to launch an unsecured loan offering and extend the range of products accessible to our members. There are times when an unsecured loan may prove to be a cheaper more suitable option than a small second charge or traditional mortgage and it is important that our members are able to consider all forms of finance so to secure the very best product for their client.
“The portal offers a clear user friendly platform that has been well received by our members and we will shortly open up the proposition to the wider broker community.”
Ray Bohringer, CEO of DotBroker, added: “It’s been an absolute pleasure working with Liz and her team on this project, particularly as the feedback has been so positive.
“To echo Liz’s view, I think all FAs should have access to a comprehensive range of unsecured loan products, preferably, from a provider with no interest in their client, other than to provide easy access to market leading lenders.”