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Packager and borro seal agreement with case completion

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Packager and borro seal agreement with case completion

Short term asset lender, borro, has concluded their new partnership agreement with Loans Warehouse.

At the end of April, Loans Warehouse, the specialist secured packager, confirmed the new relationship with borro having introduced and completed its first enquiry in the first week of May.
Loans Warehouse Director, Matt Tristram said: “borro gives us another dimension to the service we can offer our introducers. As a specialist in secured loans, we receive hundreds of enquiries, most of which we can source through our conventional panel of lenders.
“borro’s proposition, which is based on lending secured on high value personal assets, has already demonstrated its value for the client of one of our introducers where normal sources could not help.
“We were able to provide the funds the client needed through borro with the result we have a happy introducer, who not only helped his client but also earned a sizeable fee for the referral. borro provides a valuable resource to offer our brokers.”
The addition of borro to Loans Warehouse’s panel of lenders expands the range of products available to their members, as well as broadening borro’s client base. The short term lending facility provided by borro to clients of IFA’s, mortgage brokers, accountants, solicitors, lawyers, wealth managers and tax advisors is opened up to clients of Loans Warehouse.
Paul Aitken, CEO at borro, said: “Key distributors like Loans Warehouse are vitally important to us in spreading the message about the borro offering. Thanks to the simplicity, speed and transparency with which we can provide non status funding, introducers can offer instant short term borrowing to intermediary clients who have personal assets on which we can secure our loans, such as jewellery, luxury watches, gold, fine art, antiques, sculptures, and luxury cars.
“We look forward to working closely with Loans Warehouse, demonstrating to their introducers just how powerful the borro service can be for clients needing access to funds for any purpose with the minimum of hassle and paperwork.”

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