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|Freedom Finance Completes First Case with United Trust Bank|
|Thursday, 09 June 2016|
Freedom Finance, the UK’s largest loan broker, has completed its first second charge loan case with United Trust Bank. This is the first case to be completed since United Trust Bank (UTB) joined the Freedom Finance panel in May.
UTB is a specialist lender providing a wide range of secured funding facilities for individuals and businesses and is a welcome addition to the existing Freedom Finance panel, which also includes Shawbrook Bank and Precise Mortgages.
Freedom Finance’s partnership with UTB is the next stage in the expansion of its second charge mortgage distribution strategy, following the Mortgage Credit Directive’s rule changes this year, which saw second charge mortgages come under the same regulatory umbrella as their first charge counterparts.
The current regulatory landscape is reassuring brokers that secured loans are a credible option and should now be considered alongside first charge products when looking for the best possible solution for their customers. As a result, there has been an increase in the number of brokers including second charge loans in their advice process.
Brian Brodie, CEO of Freedom Finance, commented: “We are pleased to have United Trust Bank join our approved panel of providers. We are always looking to partner with other providers in order to offer our customers an even greater choice and United Trust Bank’s excellent products are a welcome addition to the range.
“It has been very rewarding to complete our first client case study and we look forward to working closely with UTB going forwards.”
Buster Tolfree, United Trust Bank Commercial Director – Mortgages, commented: “We are delighted to have joined Freedom Finance’s approved panel and to have the opportunity to offer our mortgage products to their customers. We very much look forward to working with such a reputable and forward thinking loan broker."
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