Lenders offer brokers some specialist learning to help clients

With many borrowers under the cosh because of the cost of living crisis, lenders are offering brokers a chance to learn more about ‘alternative’ solutions.

Central Trust and Mercantile Trust, along with their sister brand, UK Credit, are to hold three Alternative & Specialist Finance academy events for brokers in March.

The events are aimed at supporting and helping brokers identify and navigate finance solutions for clients looking to capital raise who do not wish to or cannot remortgage/further advance for things like business purposes, home improvements, refurbishing investment properties, extend leases etc.

Also, many clients will be starting to feel the pinch of the cost of living crisis, perhaps looking to restructure their finances, so solutions for debt consolidation will also be covered.

Broker slots

The ‘awareness and education academies’ are being held in the following locations:

9^th March – Leonardo Royal Hotel, Birmingham

16^th March – Hart Shoreditch Hotel, London

23^rd March – Clayton Hotel City Centre, Manchester

Each day will consist of two three-hour sessions with 20 broker slots available per session. For details on how to register, please see link here.

One Mortgage System (OMS), the seamless single-input enquiry to completion process platform for mortgage intermediaries, will be the event technology partner and will be on hand at each session to show how technology can be used to help find and assess alternative finance solutions for clients.

Maeve Ward, commercial operations director at Central Trust and Mercantile Trust, said: “While it’s the case that every client has slightly different circumstances, a common issue for all is the cost-of-living crisis which is affecting thousands of borrowers.

Finance solutions

“As a consequence, brokers are having to establish the best course of action from the range of solutions available; the value of advice has never been clearer.

“Our March events are aimed at helping brokers understand how various types of finance can provide solutions to a wide range of customers. They will also highlight the benefits of not looking at the different finance solutions available in isolation but rather as part of a holistic approach.

“We expect demand to be high for these sessions so I implore brokers interested in attending to register as soon as possible.”

Neal Jannels, managing director of One Mortgage System (OMS), commented: “Technology now has a huge part to play in helping brokers assess and choose the right finance solution from high street lending to second charges and bridging.

“Our users use OMS across various types of lending, plus because there is no re-keying of data and we have integrations with product and criteria sourcing as well as credit agencies, users can do everything in one system for every type of client.”