Promise Solutions, the Secured Loan and Debt Solution master broker has announced secured loan enquiries from mortgage brokers and IFA's have more than doubled compared with the same period last.

Steve Walker, Group Managing Director said:

Secured loans are definitely in the ascendancy and intermediaries are engaging in the secured loans sector more than ever before. At Promise we had a comparatively strong December and January has started in the same way with both months secured loans enquiry levels more than doubling those of a year ago.

It would be easy to distort the figures if we had not been active in the secured loans sector this time last year – after all, doubling a small number is easy. However our secured loan business model has remained fairly constant so these figures really reflect what is going on in the secured loan market. And brokers have got back to business sooner.

By January the 6th we had returned to Pre Christmas business levels and Monday 11th was the busiest day for two months. Further good news is that placing secured loans should get even easier as two more secured loan lenders are due to launch in the next four weeks, one of which is exclusive to Promise.

The phones are red hot with secured loan enquiries from brokers wishing to learn more, a notable number of them complaining that their Networks do not provide them with a suitable outlet or education regarding secured loans.

This year two networks have already confirmed they wish to immediately launch a branded proposition through Promise. However, it seems some networks are not reacting to their members as many of their brokers are striking up relationships with us direct.

Posted 13/01/2010 13:57:01