Complete FS adds UTB to second charge lending panel
06 September 2016
Complete FS, the South Coast specialist distributor, has announced the addition of United Trust Bank (UTB) to its second charge lending panel.
Complete FS, which has led the market with its unique fee structure by doing away with the existing Master Broker completion fee and instead simply charging a £199 administration fee and £100 disbursement fee in place, is rapidly expanding its second charge business as a result of growing interest from brokers.
Speaking about the appointment, Tony Salentino, Director of Complete FS said, "UTB have come to market with some exciting products and we are delighted to strengthen our proposition for brokers by welcoming them on board. Thanks to our new pricing structure, we are receiving a lot of attention from brokers who have traditionally shied away from second charge loans in the past because of the opaque fee charging structure and when added to the exciting products we are introducing from lenders like UTB, we are sure intermediaries and their customers are going to benefit.”
Buster Tolfree, Commercial Director at UTB, commented, "Complete FS has been a fixture in the packager market longer than the majority of others.. In that time they have accumulated a vast understanding and knowledge of the broker market. Based upon our experience, their approach and attitude to ensuring that customers are treated fairly extends to every aspect of their business. At UTB we have a very competitive second mortgage product range and we are looking forward to working closely with the Complete FS team and their introducers during the rest of the year, just as we have done previously with our bridging products."
