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The new arrangement means Personal Touch and its panel of introducers will have immediate and direct access to Money Partner's range of specialist mortgages.

It will also be guaranteed a monthly lending tranche agreed with the lender.

PTMAS was formerly known as Clear Mortgage Administration and was recently acquired by network Personal Touch Financial Services.

Richard Goldthorpe, sales director for Personal Touch Mortgage Administration Services, said: "Our acquisition by Personal Touch Financial Services presents PTMAS with a fantastic opportunity in current market conditions.

"It will allow us to grow our packaging business through the network as well as the whole of market. Money Partners are going to play a key role in this development and have a very refreshing approach to lending."

Martin Gilsenan, sales director of Money Partners, said: "Expanding our market reach through packagers and networks is a key focus for Money Partners but we recognise our success in this depends on making the right partner choices.

"That is why we are taking a considered approach in how and when we expand our key partner panel."