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Dudley Building Society adds Brilliant to lending panel

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  • 14/07/2014
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Dudley Building Society adds Brilliant to lending panel
Dudley Building Society, which lends exclusively through the intermediary channel, has made the first new appointment to its panel of lending partners since it launched its exclusive distribution deal with brokers in September last year.

Mortgage packager and distributor Brilliant Solutions provides a wide range of support for brokers across the lending spectrum.

Ahead of the Mortgage Market Review, The Dudley decided that the best way it could serve its customers was to withdraw itself from the advice market and only accept business from fully regulated whole of market intermediary sources.

A panel of seven partner firms were invited to make up the initial panel through which UK advisers could send their business.

Gordon Rae, intermediary relationship manager at the Dudley Building Society, said: “We have been delighted with the business we have received so far from our existing partners and now we have bedded in our systems, it is time to expand our panel and increase our market share. Brilliant Solutions has a deserved reputation as a supporter of the intermediary market and I am sure their introducers will help us towards our new business goals.”

Matthew Arena, managing director of Brilliant Group, said: “The building society sector has proved time and again its commitment to common sense lending and support of the intermediary community. The Dudley Building Society’s stance of exclusively dealing with the broker market is a statement of how much they believe in the primacy of independent advice and we are delighted to be the newest member of their lending partner panel.”

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