Sesame launches specialist lending panel

Sesame launches specialist lending panel

Ahead of its introduction on 21 March, PMS mortgage club and the Sesame Network have launched a Mortgage Credit Directive-ready specialist lending panel.

The solution provides advisers with access to a wide range of second-charge mortgages, residential and buy-to-let packagers, commercial mortgages and bridging loans.

The following firms have been appointed to the new panel:

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All Types of Mortgages
Enterprise Finance
Mortgages for Business
Positive Lending
Promise Solutions
Vantage Finance

Jane Benjamin, head of lender relationships at Sesame Bankhall Group, said the intermediary had seen a steady increase in demand for specialist lending solutions as firms looked to cater for an increasingly diverse range of customer needs.

She said: “Until now, advisers have had to work across a wide range of different providers in order to access the products they need for their customers. The specialist lending panel we have launched today will provide an all-encompassing solution for advisers and their customers.”

Jane King, a mortgage consultant at Ash-Ridge Private Finance, commented that the major research systems, such as Trigold and Mortgage Brain, have also promised that they will be providing this service shortly.

She added: “As a truly independent firm and not tied to a network such as Sesame/PMS, I would like to make my own decision about the lender and not be restricted to a panel dictated to by my network.”

Various lenders have rushed to proclaim their readiness for the Mortgage Credit Directive over recent months, much of which entails deciding whether to adopt the new European Standardised Information Sheet early, or upgrade to the KFI plus customer documentation, prior to the regulatory deadline of 21 March 2019.