Brightstar Financial, Positive Lending, Fluent Money, V Loans and Enterprise Finance are the firms selected by Instrinsic following an “extensive research process”. The panel will come into effect on 1 September.
The appointments follow on from Intrinsic’s move to impose a maximum fee on all master brokers last month. Intrinsic now caps at 4% or £2,000 of the loan balance, in a bid to help its advisers secure the best deal for their clients.
Intrinsic mortgage sales director Emma Hollingworth said: “The panel has been assembled following a careful research and review process, and we’re pleased to deliver a proposition to advisers that will allow them to meet the requirements of the MCD without disruption to their business.
“Dedicated support from the panel will ensure that Intrinsic advisers gain access to the right service for their business and their clients. And borrowers will benefit from a well-controlled advice process and great value on second charge mortgage advice.”
Restricted advisers of Intrinsic will refer second charge advice to the most appropriate master broker within the panel, while independent advisers must provide advice themselves but will use the panel of master brokers to research options and process the case.