fast secured loan

Welcome pack 100% dedicated to financial intermediaries Secured Loans Just a quick note to say ‘thanks’ for your help regarding my first secured loan application with Loanoptions.co.uk. The feedback from my client has been first class and this is very important to me and my business going forward. I am impressed by your speed, quality and professionalism. Kevin Sumner - Leeds Introducer 100% dedicated to financial intermediaries introducers@loanoptions.co.uk 0845 430 8090 Thank you for choosing We’re 100% dedicated to forging lasting business relationships based on trust and reputation. Andy Moody - MD Who? We guarantee we will take better care of you and your client. 1 L oanoptions.co.uk was established to service the very specific needs of financial intermediaries requiring access to whole of market secured loans advice and service for their clients. Today this is still the case and the company remains 100% dedicated to providing an exceptional service and unbeatable support exclusively to financial intermediaries. Central to this is trust. The central guarantee we offer is that we will never cross sell or approach your clients, without your express permission. The Loanoptions.co.uk online system also provides total transparency, allowing introducers to check on the progress of their clients’ cases and remain in control at all times. We also guarantee immediate payment of commissions to introducers. Loanoptions.co.uk offers an unparalleled service for secured loans, with highly trained, expert staff who are always willing to provide help and advice to introducers. Within this area we now offer a ‘RAPID REFERRAL SERVICE’. Specialist referral teams have been created to service unusual cases needing a higher than normal level of expertise or fast track service. Full commissions are still paid using our Rapid Referral Service. It’s all part of the unique service offered by Loanoptions.co.uk. Because we understand that introducers benefit from being able to proactively market their services, but often do not have the means to do this professionally, we have developed a wide range of resources available from our MARKETING TOOLBOX. Everything an intermediary needs to confidently market secured loans is included. FREE websites including hosting and templates for advertising, posters, direct mail, leaflets and press relations are all there. If you are a financial intermediary looking to refer a secured loan enquiry, then you should try Loanoptions.co.uk – we are dedicated to providing 100% satisfaction. The future of finance. 1 2 3 4 5 6 Who? Introduction to Loanoptions.co.uk Why? The benefit of secured loans How? Our products in depth What? Unique services that we offer With? Our commission and incentives But? Your questions answered Yours sincerely, Andy Moody FPC, CeMAP Managing Director introducers@loanoptions.co.uk 0845 430 8090 Why? Why secured? How about a predicted 80% growth in the secured homeowner loans market? L oanoptions.co.uk Ltd. is an independent privately owned secured loan brokerage based in Wilmslow, Cheshire. The company specialises in secured homeowner loans for anyone in the UK and is dedicated to finding solutions to all of your clients’ financial requirements. If you have a client who needs a secured loan fast then we can help. We have developed a transparent and simple process which makes dealing with us as easy and straightforward as possible. Simply send us your client’s requirements, and we will get the best deal back to you immediately with an offer from our wide panel of lenders. You can be sure that the deal we offer is the best available. Or if you prefer, you can speak to an underwriter directly by telephone. You can deal with your client yourself as usual, or we will contact them directly with your permission and deal with the whole process from start to finish, leaving you free to concentrate on your core business. We work with many types of introducers, with all kinds of clients, from very high net worth to low income earners. We have highly competitive schemes available for those with a good financial track record, but also specialise in providing secured loans to people who may have challenging circumstances. If you have clients who have CCJs, are self employed and cannot verify their income, or have already been refused a mortgage or loan elsewhere, please contact us. We are confident that we can help secure the funds required through our I am writing to thank you for the help you gave me in arranging my loan. The loan has really helped turn my financial position around and now I look forward to a much brighter future. Once again, thanks for such an efficient service. Sahid Rajan - Birmingham borrower whole of market panel of lenders. Key points to consider: n Remortgage might be inappropriate A remortgage is not always an appropriate recommendation, as your client may want to keep further borrowing secured on the property separate from the main mortgage account. There might be a number of good reasons. For example, there could be a large redemption penalty when remortgaging, or your client may have secured a fixed rate in the past that is still highly competitive compared to current interest rates. By using a secured loan, the redemption penalties are avoided and the current fixed rate will be protected, as the original first mortgage will remain in place. n Realistic timescales If your client wants to consolidate debt then a mortgage can work fine. However, the majority of people are likely to want to repay earlier than their existing mortgage term. By using a secured loan your client can select a realistic timescale to repay the loan, and the original mortgage can stay in place for the selected term. n Changes of circumstance Many people’s circumstances change after arranging a mortgage. If you have a client who no longer fits normal mortgage income multiples, or has had some credit problems since taking his mortgage, he might have to pay a high price for the new mortgage, whereas a secured loan can mean receiving the funds he needs without losing the prime rate he has on his existing mortgage. n Speed of completion Secured loans can be processed from initial enquiry to completion a lot quicker than a traditional first charge mortgage. Depending on the loan amount, the case could be completed and paid out in 2 to 3 weeks. This can be advantageous if you have a client wanting to raise funds quickly. Secured loans can be used for many different purposes. Typically, if the purpose is legal then the loan can be processed. Many first charge lenders can be difficult when it comes to the purpose of refinancing. n No administration You will not need to conduct a factfind or do any administration as we will do all of this for you if that is what you want. All that we ask is that you pass your client’s name and telephone number to us and we will do all the work from that point on. We will keep you informed at all times with detailed progress reports. n Fast commission You will not have to wait weeks for your commission, as we will pay you immediately on case completion. introducers@loanoptions.co.uk 0845 430 8090 Simplicity We will work in the way that best suits you. On the one hand, we are happy to work with you so that you can advise your client of the best deal available and then we can help you with the paperwork or we can, with your permission, deal directly with your client and handle the whole process, while keeping you informed at all times. You can submit a referral form online through our website. You can also complete our introducer referral form and fax it to us on 01625 521003. We will always report back to you directly unless you instruct us to contact your client instead. Alternatively, if you prefer to submit applications by post, we supply preprinted forms and postage paid envelopes. Whichever option you choose, we will always keep you informed with updates and forward copy correspondence, sent to your clients, directly to you. No cross-selling We guarantee not to cross sell any other financial products to your clients. However, according to some of our introducers it does seem that a number of our competitors are doing just that… We guarantee that we will not contact your clients now or at any time in the future without your permission, regarding any other financial products or services. We can make special arrangements for introducers who ask us to provide some insurance products to their clients for the purpose of ring fencing. Many introducers have found this service beneficial because they cannot provide these services themselves and therefore ask us to provide them just in case they lose out to a competitor who does. Flexibility Whether your client’s loan requirements are large or small we can help. We can arrange loans of any size; typically ranging from £5,000 to £500,000. Please ask for further details with regard to smaller, or larger loan amounts. Borrowers can opt to repay their loan on a traditional repayment basis or, for more flexibility, an interest only option is often available. We have a diverse client base and are always interested in new products and services. Having listened to the people at Loanoptions.co.uk we embarked on a strategic marketing campaign for homeowner business, which exceeded all our expectations by some degree. Simon Moorcroft - Glasgow Introducer In the land of the introducer service is king. Why? 10 reasons to choose us: n WE’RE 100% DEDICATED TO FINANCIAL INTERMEDIARIES n RAPID RESPONSE SERVICE n MARKET-LEADING COMMISSION & GENEROuS OVERRIDE SCHEME n EXTENSIVE RANGE OF SECuRED LOAN PRODuCTS n YOuR CLIENT REMAINS TO BE YOuR CLIENT n NO CROSS-SELLING – GuARANTEED! n FREE MARKETING SuPPORT THROuGH OuR MARKETING TOOLBOX n FREE DOCuMENT COuRIER SERVICE n DEDICATED INTRODuCER WEBSITE n AMAzING INCENTIVES introducers@loanoptions.co.uk 0845 430 8090 How? Our product in depth Secured loans to suit you and your client We have a varied panel of lenders with products to suit all circumstances. If you have a case that you would like to discuss in principle with an underwriter, please call the Introducer Support Team on 0845 430 8090 or email introducers@loanoptions.co.uk. You will be paid your commission immedietely on case completion. We are proud to be 100% dedicated to financial intermedieries. I am writing to you in response to the excellent service I have received from Loanoptions.co.uk and your staff with my secured loan business. I have found you to be prompt, communicative and very supportive. Ellen Jackson - Manchester Introducer What we do: n SECuRED HOMEOWNER LOANS n LOAN AMOuNTS FROM £5,000 TO £500,000 n SELF CERTIFICATION TO 100% LTV n SELF CERTIFICATION FOR EMPLOYED APPLICANTS AVAILABLE n uP TO 125% OF PROPERTY VALuE AVAILABLE n NO COMMISSION CLAW BACK n PRODuCTS AVAILABLE TO SuIT ALL CIRCuMSTANCES Clients best suited: n CLIENTS REquIRING FuNDS IN 2-3 WEEKS n CLIENTS WHO HAVE HEAVY REDEMPTION PENALTIES ON THEIR EXISTING MORTGAGES n CLIENTS DECLINED FOR FuRTHER ADVANCE n CLIENTS WHO HAVE A VERY COMPETITIVE MORTGAGE IN PLACE WHICH THEY WANT TO KEEP n CLIENTS WHO DO NOT WANT TO PAY ANY uP FRONT FEES n CLIENTS WITH ARREARS OR OTHER POOR CREDIT WHO WANT TO AVOID REMORTGAGING TO A ‘SuB PRIME’ LENDER introducers@loanoptions.co.uk 0845 430 8090 The process The fast, efficient and effective approach - whatever your route Whichever way you choose to do business with Loanoptions. co.uk, we are confident you will be satisfied with the service. Just take a look at the illustrated process below to see how simple our application process makes life for you: 1 2 3 Completed Referral Form sent from www.loanoptions.co.uk or paper Referral Form faxed to 01625 521003 (paper forms available for printing from the website ‘stationery cupboard’ or can be e-mailed by our Introducer Support Team). Referral Form received by Introducer Support Team. Introducer contacted for any outstanding information. Client can be contacted directly to save time with introducer’s permission. Searches and semi automatic underwriting processed and case passed to underwriting for final checks. Introducer contacted directly with decision in principle or client contacted directly for day one call. Day One letter sent with documentation to client. Copy documents sent to introducer. Start. White label website (see 4 WHAT?) 4 5 Case Fast Tracked (valuation carried out and mortgage references obtained from mortgage provider). All documentation compiled and packaged case sent to lender. Loan completed, customer cheque released and commission paid to introducer. End. Your client. You. Us. Case tracking Commission. Fast, Efficient, Effective. How? Four ways to submit business n Online Visit www.loanoptions.co.uk and fill in the simple referral form. n Fax From our stationery cupboard at www.loanoptions.co.uk, print off the relevant form and fax it through to 01625 521 003 n Phone Contact our Introducer Support Team on 0845 430 8090 n White label website This has a direct link to our processing centre – available in stand alone, bolt on or forms only versions. To claim your free website visit www.loanoptions.co.uk and follow the links to our Marketing Toolbox. Client contact Throughout the entire process, your client remains your client, and we guarantee never to cross sell any other products to the borrower. The choice is yours If you advise us that we can handle the whole process on your behalf, we will contact the client directly and keep you updated with regular case summaries at all stages. You will also receive copy documentation of everything sent to the client. Alternatively, you can choose to remain involved throughout the entire process. We will not contact your client without your permission, and will advise you of the best offer before any communications with the borrower take place. introducers@loanoptions.co.uk 0845 430 8090 What? What services? The most efficient free sourcing system available to all introducers Loanoptions.co.uk is about to help you fast forward to the next level of secured loans. Our Rapid Referral service has evolved into the all new Rapid Referral Quick Quote system. From this moment on, we can guarantee an indicative quote within SECONDS. Our technology can source products from 15 lenders, covering the whole of market. We give you the response you need instantly from one simple online form. Of course new technology can be scary, which is why the choice is still down to you. Our automated systems and human resources work in harmony together. You can try out our technology facility and see how much it can help you or continue to use our original quality service, or even mix the two together. We give you complete flexibility. The future of finance has finally arrived. Are you going to be left behind? Visit www.loanoptions.co.uk today and see how we can speed up your business. Our latest technology. A fully automated sourcing system. A free instant quote within seconds, available to all introducers. I have found your processing department to have a clear understanding of how a business like ours works. You continue to support and work very well with our own team here, addressing issues with speed and efficiency. Paul McKean - London Introducer We can offer you the very latest services that are unsurpassed in the secured loans market. Our new Quick Quote sourcing system for secured loans can help you and your clients. And it is FREE. introducers@loanoptions.co.uk 0845 430 8090 What services? The only completely free, fully compliant marketing resource for intermediaries Now you can promote your secured loans business more actively than ever before with the help of our FREE WEBSITE and FREE TEMPLATES for advertising, posters and direct mail, all available within our on-line Marketing Toolbox. All of our introducers have free access to the new Marketing Toolbox – a unique marketing resource designed to help our introducers promote their services both on the internet, and using more traditional methods such as leaflets, posters and direct mail. All marketing material is fully compliant with the current financial services advertising and promotion regulations. We have created 4 template styles from modern to traditional, covering all of the marketing material – from web to direct mail; giving you a professional, consistent look throughout your marketing campaign. Generate secured loan enquiries and promote your core business activities and services online. Loanoptions.co.uk is offering all of its valued introducers access to our FREE white label website facilities; an additional platform for business generation. Whether you have an existing website or not, Loanoptions.co.uk has made it simple for you to tap into the online market. We will take care of all administration, setup and initial charges, leaving you free to concentrate on your business. Choose from 4 great website designs with an online business submission facility linking directly to our processing centre. It can act as a stand alone site or as a bolt on to your existing website. You can also add in details of your core business activities, in addition to the products and services offered by Loanoptions.co.uk. We can even personalise it with your logo and contact details! My website looks terrific! Many thanks for the hard work undertaken by yourselves. Si Tasi - London Introducer FREE websites and advertising templates to choose from. A range of four great styles. What? White label websites - FAQs: n I don’t have a website – how do I get started? Fill in the on line form at the Marketing Toolbox page of the www.loanoptions.co.uk website or call the introducer support team on 0845 430 8090. n I already have a website, will I need a new site? You can add (bolt on) the white label website to your existing site. n How will I know if anyone has used the on line application form on the website? If any visitor to your site submits an application for a secured loan, commercial mortgage or bridging finance on-line, you will receive an automated email advising you of the application. n Will using the new website effect the commission I receive? No. Whether you chose to deal with the client directly, or leave all of the work to Loanoptions.co.uk, you will receive exactly the same amount of commission. Direct Mail! Posters! Leaflets! Press Releases! Advertorial! Media Advertising! There are four styles and, over 60 compliant designs: Personalise with your logo and details Compliant design Proven to get results Free – no charge, use as many as you wish And remember... All the marketing templates can be personalised with your logo and company details. All the documents are available in a range of formats including Microsoft Word for in house printing and in Quarkxpress or PDF formats for professional printing. If you have not used the Marketing Toolbox before and you would like free access, please contact your Introducer Manager on 0845 430 8090 or complete and submit the simple request form visit www.loanoptions.co.uk introducers@loanoptions.co.uk 0845 430 8090 With? Incentives Benefit from more than just commission! Every month Loanoptions.co.uk runs numerous incentives to give you more than our market leading commission to look forward to. With everything from the weeklyy methusulah of champagne giveaway to trips across the globe, you can be a winner with more than just our service. Keep you eyes out for current and future incentives by visiting www.loanoptions.co.uk and by checking your mail. Good luck! We want you to benefit in as many ways as possible when you use our service. FOR FuLL COMMISSION DETAILS PLEASE SEE THE COMMISSION INSERT We give away a methusulah of champagne every week! Previous winners have enjoyed: NEW YORK BARCELONA BOSTON COLORADO MARBELLA RACING DAYS EUROPEAN CONCERTS GAME CONSOLES IPODS SAT NAVS ...and more Log on today to see what incentives are running this month! Also look out for direct mail with future incentive details. introducers@loanoptions.co.uk 0845 430 8090 But? FAQs All your secured loan questions answered... How do I become an Introducer to Loanoptions.co.uk? Simply call us on 0845 430 8090 and speak to the Introducer Support Team. We will open your agency, confirm your agency number straight away and send you an email to confirm everything. We will also send you an Introducer Welcome Pack containing lots of useful information and everything that you need to become an introducer. All you need to do is complete our Agency Agreement and return it to us with a copy of your Consumer Credit License. How will I get updates? You will initially receive a case summary from the Introducer Support Team confirming all of your client’s proposed loan details. You can also track all your cases on our internet tracking system via our website www.loanoptions.co.uk, or you can call your dedicated underwriter or our introducer help desk at any time for an update. Weekly pipeline reports can also be sent by fax or email on your request. When will I receive my commission? You will be informed when your client’s loan is ready to complete and you will receive your commission, immediately on completion. Don’t be afraid to ask. Our expert introducer support teams are always on hand to answer any queries you may have. Are secured loans regulated and what about compliance? Secured loans are not currently regulated by the Financial Services Authority but it is expected that they will be in the future. Currently, loans under £25,000 are regulated by the Consumer Credit Act 1974 and Loanoptions.co.uk is directly regulated by the Financial Services Authority. Loanoptions.co.uk takes care of all the compliance issues associated with advising and arranging secured loans and the associated protection. What about cross selling? Loanoptions.co.uk is focused 100% on the introducer market and our core activity is arranging secured loans and the associated ASu cover. We are not involved in the residential mortgage market or any other area of financial planning. The insurance that we can provide only covers the loan arranged by us and the term selected. You can rest assured that your clients are in safe hands with Loanoptions.co.uk. But? And finally... Did you know? n Loan amounts are available from £5,000 to £500,000. n We have market leading rates to suit all circumstances, even those that have had problems obtaining credit in the past. n A secured loan can be used even within a council right to buy preemption period. n Secured loans can be used to raise capital from a buy-to-let or non-owner occupied property up to 85% LTV, regardless of rental income. n Any legal purpose is acceptable and this can often include business purposes. n Loanoptions.co.uk has lenders on the panel with very flexible terms from 36 – 300 months with no upper age limit. n Secured Loans often have more flexibility on income types and can include most benefits and even children’s ‘board’ payments. n All loans under £25,001 have a maximum redemption penalty of one month’s interest. n There are no upfront fees or charges to be paid by borrowers with a secured loan. n Loanoptions.co.uk has a no commission clawback policy. n Secured loan commissions are guaranteed to be paid immedietely on completion. n up to 125% of property value can be used and 95% LTV on a self certification basis is available. n Loanoptions.co.uk has completed secured loans within one week but typically most loans complete within 17-20 days. FOR ALL YOUR SECURED LOAN REQUIREMENTS. We are the future of finance 100% dedicated to financial intermediaries Call us today 0845 430 8090 introducers@loanoptions.co.uk 100% dedicated to financial intermediaries Loanoptions.co.uk Alderley House Alderley Road Wilmslow Cheshire SK9 1AT T: 0845 430 8090 F: 01625 528 765 E: introducers@loanoptions.co.uk www.loanoptions.co.uk Loanoptions.co.uk Limited Incorporated in England and Wales (Company Number 05045102), trading as Loanoptions.co.uk. This information is not to be shown or given to prospective borrowers. This Information is for the guidance of financial intermediaries only and information contained within is not intended to be used to indicate a willingness to enter into any transaction to which the details relate.