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Intermediary adds secured lender to panel

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Intermediary adds secured lender to panel

The intermediary Brilliant Solutions has announced the addition of a secured lender to their panel.

Brilliant Solutions, which is part of the financial services distributor Exclusive Connections Ltd, has widened its panel with the appointment of secured lender Portal Portfolio.
The new addition further strengthens the value of the intermediary, broadening the range of products available to the members of Brilliant’s panel.
Brilliant Solutions provide an intermediary service, acting as a middle man between the customer and the lender, to seek the most appropriate products for their client.
Brilliant’s Managing Director, Matthew Arena, said: “We believe that secured loans have a robust future as part of the product mix available to intermediaries. This is especially true at a time when so many clients have found that re-mortgaging is not suitable because of redemption penalties or that the re-mortgage rate being offered was not in their best interests.
“Therefore we are delighted to welcome Portal Portfolio as the latest addition to our lender panel. With LTV’s up to 80 per cent for the employed or self-employed on either their main residential or Buy-to-let properties Portal Portfolio provides a number of new opportunities for consideration by our brokers. Property developers who want to expand their portfolio will find it particularly interesting.”
Portal Portfolio, which came to the market in November 2010, recently announced a new tranche of independent funding and lends to all qualifying homeowners. Its pension backed funding is unique in the sector.
Tim Moore, Portal Portfolio’s Managing Director, said: “Brilliant Loans has an excellent reputation in the market place as part of the Brilliant Solutions broker proposition.
“Being added to their panel is an exciting development for Portal Portfolio and we look forward to working with them.”
The addition of Portal Portfolio will strengthen the Brilliant Solutions panel, fortifying their initiative to bring together the best product providers.

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