Scottish Provident Mortgage Alliance (SPMA) has furthered its influence in the intermediary market through a joint mortgage club venture with protection specialist Direct Protect.
The club will be branded under both The Mortgage Alliance and the Direct Protect banners and give Direct Protect’s 700 members access to a panel of over 20 lenders.
The club will also provide free use of the Trigold sourcing system and associated products as part of the deal.
Mark Evans, national mortgage manager at Scottish Provident, said: ‘The Mortgage Alliance has grown fast over the past three years and this link-up with Direct Protect, will help further develop and expand the services we offer.’
Christine McAllister, spokeswoman for SPMA said it was continually looking for new deals. This partnership follows a similar venture with independent financial adviser Inter Alliance earlier in the year (Mortgage Solutions p13 January 2003).
McAllister said SPMA aimed to provide the best of products and services to its members and was the exclusive provider of a new fixed-rate product from Bristol & West offering a rate of 4.29% until 31 May 2006.