The mortgage, protection, and financial planning network, Rosemount Financial Solutions has announced a new partnership with Loans Warehouse.
The partnership will provide Rosemount’s growing team of advisers with the option of referring clients with second charge or bridging needs over to Loans Warehouse.
Ahmed Bawa, Rosemount Financial Solutions CEO, said: “Both second charge mortgages and bridging loans are in ever greater need from the clients we see at Rosemount, and this relationship means that our advisers will be able to refer cases over to sector experts with access to the best possible products."
Rosemount said second charge mortgages are growing in importance in the mortgage market and pointed to recent data from the Finance and Leasing Association. This showed the number of agreements and value of deals in July increased by 25 per cent and 30 per cent respectively on the same point last year.
Meanwhile, bridging loan books have hit record highs according to the Bridging and Development Lenders Association, as the short-term loans are utilised by investors and homeowners alike.
Loans Warehouse co-founder, Matt Tristam, said: “Rosemount is one of the most noticeable brands in financial services, and their commitment to curating the best specialist lending options for their members is evident.
“In the coming weeks, Natalie McNamara, our head of network distribution and growth, and I look forward to engaging with Rosemount’s members.
“We’ll be sharing insights into our products and discussing how mortgage advisers can best leverage second charge and bridging finance to benefit their clients.”
tom.dunstan@ft.com
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